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Blue innovation Co.,Ltd., July-September (3Q) Net Income Loss Narrows

Tue Nov 12, 2024 3:30 pm JST Earnings

5597 Blue innovation Co.,Ltd. 【J-GAAP】

Earnings Report

Blue innovation Co.,Ltd. <5597> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 372 million yen (compared to a loss of 271 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income/loss for the October to December period (4Q) is expected to turn into a profit of 62 million yen (compared to a loss of 28 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the net loss improved to a deficit of loss of 110 million yen (compared to a loss of 138 million yen in the same period last year). The operating profit/loss margin drastically improved from -73.8% in the same period last year to -43.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2024 738 -378 -370 -372 -94.6 ー Nov 12, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 704 -153 -165 -166 -50.2 0 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 928 -38 -40 -48 -12.2 0 Aug 9, 2024 J-GAAP
YoY +31.8% +75.2% +75.8% +71.1% +75.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,264 -289 -295 -299 -90.4 0 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 1,400 -300 -300 -310 -78.7 0 Aug 9, 2024 J-GAAP
YoY +10.8% -3.8% -1.7% -3.7% +12.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 517 -15 -27 -28 -8.5 -2.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 268 -116 -114 -115 -29.3 -43.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 204 -146 -146 -147 -37.4 -71.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 266 -116 -110 -110 -28.0 -43.6 Nov 12, 2024 J-GAAP
YoY － － － － －

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