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

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%

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