PeptiDream Inc., July-September (3Q) Net Income Turns to Loss

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Wed Nov 13, 2024 3:30 pm JST Earnings

4587 PeptiDream Inc. 【IFRS】

Earnings Report

PeptiDream Inc. <4587> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 5.0 times that of the same period last year, reaching 17.6 billion yen. The progress rate against the full-year plan of 14 billion yen is 125.9%, already exceeding the target and also exceeding the same period of the previous year of 116.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the October to December period (4Q) is expected to expand to a loss of 3.62 billion yen (compared to a loss of 506 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 305 million yen (compared to a profit of 4.27 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 59.0% in the same period last year to -2.3%.

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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	11,208	-426	-368	-186	-1.4	ー	Nov 10, 2022	IFRS
Jan - Sep, 2023	22,543	6,752	4,661	3,541	27.3	107.1	Nov 9, 2023	IFRS
Jan - Sep, 2024	41,604	24,522	24,300	17,620	136.0	122.1	Nov 13, 2024	IFRS
YoY	+84.6%	+263.2%	+421.3%	+397.6%	+398.0%

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	19,286	7,759	5,463	3,764	29.0	0	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	8,867	-4,549	-4,842	-3,925	-30.3	0	Aug 8, 2024	IFRS
YoY	-54.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	26,852	8,980	6,653	7,554	58.2	0	Feb 14, 2023	IFRS
Dec, 2023	28,712	6,773	4,353	3,035	23.4	0	Feb 14, 2024	IFRS
Dec, 2024 Guidance	45,000	20,100	19,900	14,000	108.0	0	May 14, 2024	IFRS
YoY	+56.7%	+196.8%	+357.2%	+361.3%	+361.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,117	7,738	5,771	4,270	32.9	59.0	Nov 9, 2023	IFRS
Oct - Dec, 2023	6,169	21	-308	-506	-3.9	0.3	Feb 14, 2024	IFRS
Jan - Mar, 2024	4,225	-1,098	-1,104	-842	-6.5	-26.0	May 14, 2024	IFRS
Apr - Jun, 2024	31,908	25,747	25,846	18,767	144.8	80.7	Aug 8, 2024	IFRS
Jul - Sep, 2024	5,471	-127	-442	-305	-2.4	-2.3	Nov 13, 2024	IFRS
YoY	-58.3%	－	－	－	－