Softfront Holdings, First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Turns to Profit

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Wed Nov 13, 2024 3:00 pm JST Earnings

2321 Softfront Holdings 【J-GAAP】

Earnings Report

Softfront Holdings <2321> [TSE-G] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 14 million yen (compared to a loss of 72 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 94 million yen (compared to a loss of 96 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 30 million yen (compared to a loss of 36 million yen in the same period last year). The operating profit/loss margin drastically improved from -14.3% in the same period last year to 13.5%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	324	-60	-61	-50	-1.7	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	386	-72	-72	-84	-2.8	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	393	-13	-14	-24	-0.8	ー	Nov 13, 2024	J-GAAP
YoY	+1.8%	+81.9%	+80.6%	+71.4%	+71.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	393	-13	-14	-24	-0.8	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	503	-92	-96	-233	-7.6	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	712	93	94	ー	－	0	Nov 13, 2024	J-GAAP
YoY	+41.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	763	-52	-51	-59	-1.9	0	May 12, 2023	J-GAAP
Mar, 2024	889	-164	-168	-317	-10.3	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	1,105	80	80	ー	－	0	Jun 24, 2024	J-GAAP
YoY	+24.3%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	210	-30	-36	-44	-1.4	-14.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	253	-79	-84	-218	-7.1	-31.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	250	-13	-12	-15	-0.5	-5.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	163	-44	-44	-43	-1.4	-27.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	230	31	30	19	0.6	13.5	Nov 13, 2024	J-GAAP
YoY	+9.5%	－	－	－	－