Cybozu, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 9%

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Wed Nov 13, 2024 3:30 pm JST Earnings

4776 Cybozu, Inc. 【J-GAAP】

Earnings Report

Cybozu, Inc. <4776> [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) increased by 9.4% from the same period last year, reaching 3.61 billion yen. The progress rate against the 4.29 billion yen full-year plan was 84.2%, it was below the five-year average of 111.1%.

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 surge by 2.5 times that of the same period last year, reaching 677 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 1.16 billion yen, an increase of 1.5% compared to the same period last year. However, the operating profit margin decreased from 17.0% in the same period last year to 16.4%.

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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	16,193	853	1,291	487	10.6	130.8	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	18,736	3,124	3,306	2,369	49.8	92.4	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	21,468	3,457	3,618	2,595	54.5	84.2	Nov 13, 2024	J-GAAP
YoY	+14.6%	+10.7%	+9.4%	+9.5%	+9.5%

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	13,144	1,363	1,424	943	19.8	14	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	15,458	1,870	1,845	1,310	28.4	15	Aug 13, 2024	J-GAAP
YoY	+17.6%	+37.2%	+29.6%	+38.9%	+43.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	22,067	611	987	66	1.5	13	Feb 13, 2023	J-GAAP
Dec, 2023	25,432	3,394	3,579	2,488	52.3	14	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	29,545	4,117	4,295	2,995	64.8	15	Jun 20, 2024	J-GAAP
YoY	+16.2%	+21.3%	+20.0%	+20.4%	+24.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,448	1,093	1,151	824	17.3	17.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	6,696	270	273	119	2.5	4.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,907	1,310	1,431	1,018	21.4	19.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	7,180	937	1,019	667	14.0	13.1	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	7,381	1,210	1,168	910	19.1	16.4	Nov 13, 2024	J-GAAP
YoY	+14.5%	+10.7%	+1.5%	+10.4%	+10.5%