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CommSeed Corporation, The Current Fiscal Year's Undisclosed Net Income to Widen

Wed Nov 13, 2024 4:20 pm JST Earnings

3739 CommSeed Corporation 【J-GAAP】

Earnings Report

CommSeed Corporation <3739> [NSE-N] announced its financial results after the market closed on November 13th (16:20). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 228 million yen (compared to a loss of 55 million yen in the same period last year).

In addition, the full-year forecast, which was not disclosed, indicated that consolidated net loss expected to be loss of 155 million yen (compared to a loss of 60 million yen in the previous period).

Based on the first-half performance announced by the company and the 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 73 million yen (compared to a loss of 5 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 262 million yen (compared to a loss of 33 million yen in the same period last year). The operating profit/loss margin drastically worsened from -3.8% in the same period last year to -7.9%.

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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 989 80 69 39 3.0 143.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 804 -24 -39 -55 -4.2 ー Nov 13, 2023 J-GAAP
Apr - Sep, 2024 1,215 3 -27 -228 -17.0 ー Nov 13, 2024 J-GAAP
YoY +51.1% － +30.8% -314.5% -302.8%

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 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,215 3 -27 -228 -17.0 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev ー ー ー ー － 0 May 14, 2024 J-GAAP
Mar, 2025 New 2,525 75 45 -155 -11.5 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 1,290 59 57 -5 -0.4 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,310 72 72 73 5.4 0 Nov 13, 2024 J-GAAP
YoY +1.6% +22.0% +26.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,985 60 48 -115 -8.8 0 May 12, 2023 J-GAAP
Mar, 2024 2,094 35 18 -60 -4.5 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 2,525 75 45 -155 -11.5 0 Nov 13, 2024 J-GAAP
YoY +20.6% +114.3% +150.0% -158.3% -153.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 418 -16 -21 -33 -2.5 -3.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 641 -29 -32 -41 -3.1 -4.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 649 88 89 36 2.7 13.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 696 44 48 34 2.6 6.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 519 -41 -75 -262 -19.5 -7.9 Nov 13, 2024 J-GAAP
YoY +24.2% -156.3% -257.1% -693.9% -672.3%

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