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itsumo.inc., First Half Ordinary Profit Turns to Loss

Wed Nov 13, 2024 3:30 pm JST Earnings

7694 itsumo.inc. 【J-GAAP】

Earnings Report

itsumo.inc. <7694> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 105 million yen (compared to a profit of 163 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 64 million yen

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 3.0 times that of the same period last year, reaching 415 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 57 million yen (compared to a profit of 82 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.5% in the same period last year to -1.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 5,534 -112 -111 -445 -77.8 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,355 165 163 99 17.1 54.0 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 6,576 -89 -105 -111 -18.9 ー Nov 13, 2024 J-GAAP
YoY +3.5% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 7,035 -44 -64 -60 -10.2 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 6,576 -89 -105 -111 -18.9 0 Nov 13, 2024 J-GAAP
Revision Rate -6.5% -102.3% -64.1% -85.0% -85.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 7,506 155 139 159 27.3 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,761 439 415 289 48.7 0 Nov 13, 2024 J-GAAP
YoY +16.7% +183.2% +198.6% +81.8% +78.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,310 314 293 -219 -38.2 0 May 12, 2023 J-GAAP
Mar, 2024 13,861 320 302 258 44.4 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 15,337 350 310 178 30.0 0 May 14, 2024 J-GAAP
YoY +10.6% +9.4% +2.6% -31.0% -32.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,300 83 82 60 10.4 2.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,739 97 102 177 30.4 2.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 3,767 58 37 -18 -3.1 1.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,373 -44 -48 -50 -8.6 -1.3 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 3,203 -45 -57 -61 -10.4 -1.4 Nov 13, 2024 J-GAAP
YoY -2.9% － － － －

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