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

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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%.

Kabutan News

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%