Silver Egg Technology CO.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 56%

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Tue Nov 12, 2024 4:00 pm JST Earnings

3961 Silver Egg Technology CO.,Ltd. 【J-GAAP】

Earnings Report

Silver Egg Technology CO.,Ltd. <3961> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 20.7% from the same period last year to 69 million yen. The progress rate against the 100 million yen full-year plan was 69.0%, almost the same as the five-year average of 70.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to surge by 3.9 times that of the same period last year, reaching 31 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit significantly dropped to 12 million yen, a 55.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.7% in the same period last year to 4.0%.

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, 2022	918	59	29	17	5.9	36.3	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	949	87	87	60	20.2	91.6	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	929	69	69	44	14.8	69.0	Nov 12, 2024	J-GAAP
YoY	-2.1%	-20.7%	-20.7%	-26.7%	-26.7%

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	619	35	35	20	6.8	0	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	673	43	43	33	11.1	0	Aug 9, 2024	J-GAAP
YoY	+8.7%	+22.9%	+22.9%	+65.0%	+64.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,241	99	80	9	3.2	0	Feb 10, 2023	J-GAAP
Dec, 2023	1,257	95	95	59	19.9	0	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	1,300	100	100	69	23.2	0	Feb 9, 2024	J-GAAP
YoY	+3.4%	+5.3%	+5.3%	+16.9%	+16.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	311	27	27	21	7.1	8.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	308	8	8	-1	-0.3	2.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	312	32	32	21	7.2	10.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	315	25	25	15	5.2	7.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	302	12	12	8	2.7	4.0	Nov 12, 2024	J-GAAP
YoY	-2.9%	-55.6%	-55.6%	-61.9%	-61.9%