Souken Ace Co., Ltd., First Half Net Income Loss Narrows, July-September Net Income Loss Narrows

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Wed Nov 13, 2024 4:00 pm JST Earnings

1757 Souken Ace Co., Ltd. 【J-GAAP】

Earnings Report

Souken Ace Co., Ltd. <1757> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 433 million yen (compared to a loss of 605 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/loss for the October to March period (second half) is expected to turn into a profit of 793 million yen (compared to a loss of 904 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of loss of 314 million yen (compared to a loss of 559 million yen in the same period last year). The operating profit/loss margin drastically improved from -304.4% in the same period last year to -14.7%.

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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	2,110	92	102	54	0.2	32.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	840	-587	-606	-605	-2.3	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	991	-206	-221	-433	-1.5	ー	Nov 13, 2024	J-GAAP
YoY	+18.0%	+64.9%	+63.5%	+28.4%	+33.9%

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	ー	ー	ー	ー	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	991	-206	-221	-433	-1.5	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	740	-904	-908	-904	-3.4	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,519	606	611	793	2.7	0	Nov 13, 2024	J-GAAP
YoY	+510.7%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,300	296	313	299	1.2	0	May 15, 2023	J-GAAP
Mar, 2024	1,580	-1,491	-1,514	-1,509	-5.7	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	5,510	400	390	360	1.2	0	May 15, 2024	J-GAAP
YoY	+248.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	183	-557	-560	-559	-2.1	-304.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	362	-92	-98	-97	-0.4	-25.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	378	-812	-810	-807	-3.0	-214.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	344	-111	-125	-119	-0.4	-32.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	647	-95	-96	-314	-1.1	-14.7	Nov 13, 2024	J-GAAP
YoY	+253.6%	+82.9%	+82.9%	+43.8%	+48.4%