INFORICH INC., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 2.8 times, July-September Ordinary Profit Increases by 84%

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Wed Nov 13, 2024 3:30 pm JST Earnings

9338 INFORICH INC. 【J-GAAP】

Earnings Report

INFORICH INC. <9338> [TSE-G] 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) surged by 2.8 times that of the same period last year, reaching 1.05 billion yen. The progress rate against the 1.51 billion yen full-year plan was 69.8%, exceeding the same period of the previous year of 59.4%.

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 expand by 78.2% from the same period last year, reaching 458 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 84.0% from the same period last year, reaching 493 million yen. The operating profit margin jumped from 11.0% in the same period last year to 24.2%.

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, 2023	5,390	259	376	251	27.1	59.4	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	7,473	1,112	1,057	893	94.5	69.8	Nov 13, 2024	J-GAAP
YoY	+38.6%	+329.3%	+181.1%	+255.8%	+249.3%

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	4,392	576	525	531	57.2	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	5,427	1,222	951	1,090	115.0	－	Aug 13, 2024	J-GAAP
YoY	+23.6%	+112.2%	+81.1%	+105.3%	+101.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,389	-1,397	-1,177	-1,241	-138.5	0	Feb 14, 2023	J-GAAP
Dec, 2023	7,681	603	633	571	61.5	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	10,011	1,635	1,515	1,514	159.8	－	Feb 14, 2024	J-GAAP
YoY	+30.3%	+171.1%	+139.3%	+165.1%	+159.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,101	232	268	211	22.8	11.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,291	344	257	320	34.5	15.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,087	125	194	99	10.6	6.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,497	288	370	325	34.4	11.5	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	2,889	699	493	469	49.6	24.2	Nov 13, 2024	J-GAAP
YoY	+37.5%	+201.3%	+84.0%	+122.3%	+118.2%