Interspace Co.,Ltd., 53% Increase in Ordinary Profit for The Current Fiscal Year

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Tue Nov 12, 2024 3:30 pm JST Earnings

2122 Interspace Co.,Ltd. 【J-GAAP】

Earnings Report

Interspace Co.,Ltd. <2122> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the fiscal year ending September 2024 dropped by 46.0% from the previous period to 490 million yen. For the fiscal year ending September 2025, the profit is expected to recover in a V-shape, increasing by 53.1% to 750 million yen. This will be the third consecutive term of revenue growth.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit/loss turned to a loss of 26 million yen (compared to a profit of 157 million yen in the same period last year). The operating profit margin drastically worsened from 6.2% in the same period last year to 1.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	7,123	1,067	1,292	563	85.6	25	Nov 8, 2022	J-GAAP
Sep, 2023	7,284	791	908	585	93.4	25	Nov 14, 2023	J-GAAP
Sep, 2024	7,909	555	490	59	9.5	30	Nov 12, 2024	J-GAAP
YoY	+8.6%	-29.8%	-46.0%	-89.9%	-89.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	7,903	548	506	77	12.3	30	Oct 15, 2024	J-GAAP
Sep, 2024 Results	7,909	555	490	59	9.5	30	Nov 12, 2024	J-GAAP
Revision Rate	+0.1%	+1.3%	-3.2%	-23.4%	-22.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	3,996	435	425	250	40.0	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,300	300	300	150	23.9	0	Nov 12, 2024	J-GAAP
YoY	+7.6%	-31.0%	-29.4%	-40.0%	-40.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	7,284	791	908	585	93.4	25	Nov 14, 2023	J-GAAP
Sep, 2024	7,909	555	490	59	9.5	30	Nov 12, 2024	J-GAAP
Sep, 2025 Guidance	9,000	750	750	400	63.7	30	Nov 12, 2024	J-GAAP
YoY	+13.8%	+35.1%	+53.1%	+578.0%	+572.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,757	109	157	108	17.2	6.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,833	136	123	68	11.0	7.4	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,163	299	302	182	29.1	13.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,944	89	91	25	4.0	4.6	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,969	31	-26	-216	-34.7	1.6	Nov 12, 2024	J-GAAP
YoY	+12.1%	-71.6%	－	－	－