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CARTA HOLDINGS, INC., July-September (3Q) Ordinary Profit Turns to Loss

Wed Nov 13, 2024 3:30 pm JST Earnings

3688 CARTA HOLDINGS, INC. 【J-GAAP】

Earnings Report

CARTA HOLDINGS, INC. <3688> [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) expanded to 1.31 billion yen, an increase of 75.0% compared to the same period last year. However, The progress rate against the 2.1 billion yen full-year plan was 62.8%, also falling below the four-year average of 69.9%.

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 decrease by 25.2% from the same period last year to 782 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 128 million yen (compared to a profit of 171 million yen in the same period last year). However, the operating profit margin significantly improved from 0.8% in the same period last year to 4.1%.

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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 19,464 2,056 2,822 2,616 102.3 93.0 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 17,631 274 753 -1,531 -60.9 41.9 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 17,427 1,349 1,318 917 36.3 62.8 Nov 13, 2024 J-GAAP
YoY -1.2% +392.3% +75.0%

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 12,049 1,070 1,216 -1,166 -46.4 27 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 12,222 882 654 634 25.1 27 Aug 9, 2024 J-GAAP
YoY +1.4% -17.6% -46.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 25,940 2,418 3,036 3,035 119.2 54 Feb 13, 2023 J-GAAP
Dec, 2023 24,111 1,301 1,798 -2,360 -93.8 54 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 24,000 2,000 2,100 1,600 63.2 54 Aug 9, 2024 J-GAAP
YoY -0.5% +53.7% +16.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,569 43 171 -337 -13.4 0.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 6,480 1,027 1,045 -829 -33.0 15.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 6,196 985 1,105 706 28.1 15.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 5,582 133 341 260 10.3 2.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,649 231 -128 -49 -1.9 4.1 Nov 13, 2024 J-GAAP
YoY +1.4% +437.2% +85.5% +85.5%

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