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CareNet,Inc., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 19%

Wed Nov 13, 2024 3:30 pm JST Earnings

2150 CareNet,Inc. 【J-GAAP】

Earnings Report

CareNet,Inc. <2150> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 19.4% from the same period last year to 1.42 billion yen. The progress rate against the 2.2 billion yen full-year plan was 65.0%, also falling below the five-year average of 73.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 10.9% from the same period last year, reaching 771 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 446 million yen, an increase of 2.5% compared to the same period last year. However, the operating profit margin decreased from 18.5% in the same period last year to 16.3%.

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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 6,445 2,288 2,308 1,537 34.7 79.8 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 7,271 1,736 1,772 1,106 24.8 71.8 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 7,788 1,416 1,429 839 18.9 65.0 Nov 13, 2024 J-GAAP
YoY +7.1% -18.4% -19.4% -24.1% -23.9%

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 5,221 1,110 1,130 651 14.6 12 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 6,451 1,214 1,217 943 21.8 12 Aug 13, 2024 J-GAAP
YoY +23.6% +9.4% +7.7% +44.9% +48.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 9,327 2,851 2,894 1,847 41.7 6 Feb 13, 2023 J-GAAP
Dec, 2023 10,235 2,428 2,467 1,510 33.9 12 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 11,600 2,200 2,200 1,500 34.6 12 Feb 14, 2024 J-GAAP
YoY +13.3% -9.4% -10.8% -0.7% +2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,257 418 435 247 5.5 18.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 2,964 692 695 404 9.1 23.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,667 545 563 310 7.0 20.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,482 441 420 247 5.5 17.8 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 2,639 430 446 282 6.4 16.3 Nov 13, 2024 J-GAAP
YoY +16.9% +2.9% +2.5% +14.2% +14.6%

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