Solasia Pharma K.K., July-September (3Q) Net Income Loss Narrows

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Wed Nov 13, 2024 4:00 pm JST Earnings

4597 Solasia Pharma K.K. 【IFRS】

Earnings Report

Solasia Pharma K.K. <4597> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 13th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 871 million yen (compared to a loss of 768 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 net income/loss for the October to December period (4Q) is expected to turn into a profit of 196 million yen (compared to a loss of 344 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss improved to a deficit of loss of 260 million yen (compared to a loss of 331 million yen in the same period last year). However, the operating profit/loss margin drastically worsened from -445.2% in the same period last year to -3122.2%.

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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	485	-1,952	-1,973	-2,049	-14.0	ー	Nov 14, 2022	IFRS
Jan - Sep, 2023	602	-787	-784	-768	-4.6	ー	Nov 13, 2023	IFRS
Jan - Sep, 2024	81	-892	-892	-871	-4.5	ー	Nov 13, 2024	IFRS
YoY	-86.5%	-13.3%	-13.8%	-13.4%	+0.9%

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	88	-677	-685	-675	-4.0	0	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	1,303	-64	-48	-64	-0.3	0	Aug 14, 2024	IFRS
YoY	+1,380.7%	+90.5%	+93.0%	+90.5%	+92.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,092	-2,470	-2,492	-2,548	-16.8	0	Feb 14, 2023	IFRS
Dec, 2023	617	-1,139	-1,135	-1,112	-6.6	0	Feb 14, 2024	IFRS
Dec, 2024 Guidance	1,375	-675	-675	-675	-3.1	0	May 15, 2024	IFRS
YoY	+122.9%	+40.7%	+40.5%	+39.3%	+53.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	73	-325	-334	-331	-2.0	-445.2	Nov 13, 2023	IFRS
Oct - Dec, 2023	15	-352	-351	-344	-2.1	-2,346.7	Feb 14, 2024	IFRS
Jan - Mar, 2024	11	-307	-318	-310	-1.8	-2,790.9	May 15, 2024	IFRS
Apr - Jun, 2024	61	-304	-309	-301	-1.7	-498.4	Aug 14, 2024	IFRS
Jul - Sep, 2024	9	-281	-265	-260	-1.4	-3,122.2	Nov 13, 2024	IFRS
YoY	-87.7%	+13.5%	+20.7%	+21.5%	+31.5%