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Atlas Technologies Corporation, January-September (Third Quarter Cumulative) Ordinary Profit Turns to Loss, July-September Ordinary Profit Loss Widens

Wed Nov 13, 2024 3:30 pm JST Earnings

9563 Atlas Technologies Corporation 【J-GAAP】

Earnings Report

Atlas Technologies Corporation <9563> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 295 million yen (compared to a profit of 178 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to December period (4Q) is expected to expand to a loss of 76 million yen (compared to a loss of 50 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss expanded to a loss of 134 million yen (compared to a loss of 12 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.6% in the same period last year to -22.3%.

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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 2,109 503 504 330 54.2 82.1 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 2,075 176 178 113 15.9 139.1 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 1,578 -296 -295 -230 -31.2 ー Nov 13, 2024 J-GAAP
YoY -24.0% － － － －

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 1,140 -57 -62 -45 -6.4 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,244 -204 -210 -235 -31.9 0 Aug 14, 2024 J-GAAP
YoY +9.1% -257.9% -238.7% -422.2% -402.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,806 627 614 405 64.5 0 Feb 14, 2023 J-GAAP
Dec, 2023 2,589 129 128 75 10.6 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 2,261 -375 -371 -372 -50.5 0 Feb 14, 2024 J-GAAP
YoY -12.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 626 -10 -12 -7 -1.0 -1.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 514 -47 -50 -38 -5.4 -9.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 510 -67 -62 -53 -7.3 -13.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 507 -104 -99 -84 -11.4 -20.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 561 -125 -134 -93 -12.6 -22.3 Nov 13, 2024 J-GAAP
YoY -10.4% -1,150.0% -1,016.7% -1,228.6% -1,175.8%

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