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i-plug,Inc., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Increases by 51 times

Wed Nov 13, 2024 3:15 pm JST Earnings

4177 i-plug,Inc. 【J-GAAP】

Earnings Report

i-plug,Inc. <4177> [TSE-G] announced its financial results in the afternoon session on November 13th (15:15). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 48 million yen (compared to a loss of 537 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 for the October to March period (second half) is expected to decrease by 11.6% from the same period last year to 596 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 51 times that of the same period last year, reaching 256 million yen. The operating profit margin drastically improved from 0.5% in the same period last year to 20.1%.

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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 1,326 -525 -526 -428 -109.2 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 1,778 -536 -537 -434 -110.3 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 2,069 -48 -48 -61 -15.6 Nov 13, 2024 J-GAAP
YoY +16.4% +91.0% +91.1% +85.9% +85.8%

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 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 2,069 -48 -48 -61 -15.6 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 2,824 675 674 241 61.4 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,571 598 596 467 117.9 0 Nov 13, 2024 J-GAAP
YoY +26.5% -11.4% -11.6% +93.8% +92.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,741 -411 -397 -492 -125.3 0 May 15, 2023 J-GAAP
Mar, 2024 4,602 139 137 -193 -49.2 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 5,640 550 548 406 102.5 0 May 14, 2024 J-GAAP
YoY +22.6% +295.7% +300.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,131 6 5 -39 -9.9 0.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,410 325 325 210 53.5 23.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,414 350 349 31 7.9 24.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 788 -305 -304 -229 -58.2 -38.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,281 257 256 168 43.1 20.1 Nov 13, 2024 J-GAAP
YoY +13.3% +4,183.3% +5,020.0%

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