THECOO Inc., The Current Fiscal Year Net Income Loss to Narrow

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Wed Nov 13, 2024 3:30 pm JST Earnings

4255 THECOO Inc. 【J-GAAP】

Earnings Report

THECOO Inc. <4255> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 150 million yen (compared to a loss of 596 million yen in the same period last year).

In addition, the full-year net income/loss has been revised upward from an expected loss of 400 million yen to a loss of 170 million yen (compared to a loss of 764 million yen in the previous period), indicating a reduction in the loss margin.

Based on the full-year plan announced by the company after the upward revision, our estimate of the net income/loss for the July to December period (second half) has been revised upward from an expected loss of 250 million yen to a loss of 20 million yen (compared to a loss of 333 million yen in the same period of the previous year), indicating a reduction in the loss margin.

In the most recent three-month period, from July to September (3Q), the operating profit/loss margin drastically improved from -18.8% in the same period last year to -0.2%.

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, 2022	3,052	-170	-168	-204	-99.8	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	2,762	-379	-389	-596	-287.5	ー	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	3,099	-151	-150	-150	-72.3	ー	Nov 13, 2024	J-GAAP
YoY	+12.2%	+60.2%	+61.4%	+74.8%	+74.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	2,589	-251	-249	-250	-120.2	0	Aug 13, 2024	J-GAAP
Jul - Dec, 2024 New	2,239	-21	-19	-20	-9.6	0	Nov 13, 2024	J-GAAP
Revision Rate	-13.5%	+91.6%	+92.4%	+92.0%	+92.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	4,580	-400	-400	-400	-192.3	0	Feb 13, 2024	J-GAAP
Dec, 2024 New	4,230	-170	-170	-170	-81.7	0	Nov 13, 2024	J-GAAP
Revision Rate	-7.6%	+57.5%	+57.5%	+57.5%	+57.5%

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	1,908	-327	-324	-333	-160.6	0	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,239	-21	-19	-20	-9.6	0	Nov 13, 2024	J-GAAP
YoY	+17.3%	+93.6%	+94.1%	+94.0%	+94.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,279	-212	-210	-488	-237.4	0	Feb 10, 2023	J-GAAP
Dec, 2023	3,806	-544	-553	-764	-368.4	0	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	4,230	-170	-170	-170	-81.7	0	Nov 13, 2024	J-GAAP
YoY	+11.1%	+68.8%	+69.3%	+77.7%	+77.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	864	-162	-160	-165	-79.6	-18.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,044	-165	-164	-168	-81.0	-15.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	981	-85	-83	-84	-40.7	-8.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,010	-64	-68	-66	-31.8	-6.3	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,108	-2	1	0	0.0	-0.2	Nov 13, 2024	J-GAAP
YoY	+28.2%	+98.8%	－	－	－