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SECURE, INC., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 43%, July-September Ordinary Profit Turns to Profit

Wed Nov 13, 2024 3:30 pm JST Earnings

4264 SECURE, INC. 【J-GAAP】

Earnings Report

SECURE, INC. <4264> [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) expanded to 279 million yen, an increase of 43.1% compared to the same period last year. The progress rate against the 280 million yen full-year plan was 99.6%, it was below the same period of the previous year of 111.4%.

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/loss for the October to December period (4Q) is expected to turn into a profit of 1 million yen (compared to a loss of 20 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 48 million yen (compared to a loss of 2 million yen in the same period last year). The operating profit margin significantly improved from 0.0% in the same period last year to 3.2%.

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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 2,374 -110 -118 -169 -36.1 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 3,794 201 195 162 34.5 111.4 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 4,722 289 279 213 44.9 99.6 Nov 13, 2024 J-GAAP
YoY +24.5% +43.8% +43.1% +31.5% +30.4%

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 2,557 -14 -22 3 0.6 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,107 62 49 45 9.4 0 Aug 13, 2024 J-GAAP
YoY +21.5% +1,400.0% +1,371.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 3,384 -169 -183 -227 -48.5 0 Feb 14, 2023 J-GAAP
Dec, 2023 5,191 187 175 168 35.7 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 6,250 300 280 230 48.1 0 May 14, 2024 J-GAAP
YoY +20.4% +60.4% +60.0% +36.9% +35.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,160 0 -2 -3 -0.6 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,397 -14 -20 6 1.3 -1.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,791 252 248 198 41.8 14.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,352 -14 -17 -13 -2.8 -1.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,579 51 48 28 5.9 3.2 Nov 13, 2024 J-GAAP
YoY +36.1%

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