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

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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%.

Kabutan News

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	－	－	－	－	－