CONSEC CORPORATION, First Half Net Income Turns to Loss, July-September Net Income Decreases by 99%

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Wed Nov 13, 2024 4:00 pm JST Earnings

9895 CONSEC CORPORATION 【J-GAAP】

Earnings Report

CONSEC CORPORATION <9895> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 5 million yen (compared to a profit of 94 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 59.5% from the same period last year, reaching 185 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 2 million yen, a 98.7% decrease compared to the same period last year. The operating profit/loss margin worsened from 1.0% in the same period last year to -0.5%.

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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	4,532	-65	-48	-62	-34.7	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	4,991	-56	-24	94	52.3	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	5,116	-49	-38	-5	-2.8	ー	Nov 13, 2024	J-GAAP
YoY	+2.5%	+12.5%	-58.3%	－	－

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	5,116	-49	-38	-5	-2.8	0	Nov 11, 2024	J-GAAP
Apr - Sep, 2024 Results	5,116	-49	-38	-5	-2.8	0	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	-1.4%

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	5,389	102	139	116	64.8	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,884	199	238	185	105.2	27	Nov 11, 2024	J-GAAP
YoY	+9.2%	+95.1%	+71.2%	+59.5%	+62.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,696	51	100	-2	-1.3	25	May 12, 2023	J-GAAP
Mar, 2024	10,380	46	115	210	117.2	25	May 13, 2024	J-GAAP
Mar, 2025 Guidance	11,000	150	200	180	102.3	27	May 13, 2024	J-GAAP
YoY	+6.0%	+226.1%	+73.9%	-14.3%	-12.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,689	26	41	157	87.4	1.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	2,651	68	83	90	50.2	2.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,738	34	56	26	14.5	1.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,500	-36	-29	-7	-4.2	-1.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,616	-13	-9	2	1.1	-0.5	Nov 13, 2024	J-GAAP
YoY	-2.7%	－	－	-98.7%	-98.7%