Bank of Innovation,Inc., 72% Decrease in Ordinary Profit for the Last Fiscal Year, Current period performance is undisclosed.

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Tue Nov 12, 2024 4:00 pm JST Earnings

4393 Bank of Innovation,Inc. 【J-GAAP】

Earnings Report

Bank of Innovation,Inc. <4393> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 significantly dropped by 72.3% from the previous period to 1.36 billion yen. Furthermore, the company did not disclose the performance outlook for the fiscal year ending September 2025.

At the same time, the company has left the annual dividend for the current term undetermined.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit significantly dropped to 6 million yen, a 95.4% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 3.8% in the same period last year to -0.1%.

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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	2,428	-1,008	-1,015	-838	-218.0	0	Nov 14, 2022	J-GAAP
Sep, 2023	21,333	4,900	4,920	3,293	823.1	0	Nov 14, 2023	J-GAAP
Sep, 2024	13,615	1,329	1,362	895	224.6	0	Nov 12, 2024	J-GAAP
YoY	-36.2%	-72.9%	-72.3%	-72.8%	-72.7%

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	13,650	1,340	1,360	800	201.3	0	Sep 24, 2024	J-GAAP
Sep, 2024 Results	13,615	1,329	1,362	895	224.6	0	Nov 12, 2024	J-GAAP
Revision Rate	-0.3%	-0.8%	+0.1%	+11.9%	+11.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,812	1,237	1,254	819	205.0	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	－	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	21,333	4,900	4,920	3,293	823.1	0	Nov 14, 2023	J-GAAP
Sep, 2024	13,615	1,329	1,362	895	224.6	0	Nov 12, 2024	J-GAAP
Sep, 2025 Guidance	ー	ー	ー	ー	－	－	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,419	130	131	0	-0.2	3.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	4,177	582	581	384	96.2	13.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	3,635	655	673	435	108.9	18.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,965	95	102	32	8.0	3.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	2,838	-3	6	44	11.0	-0.1	Nov 12, 2024	J-GAAP
YoY	-17.0%	－	-95.4%	－	－