BETREND CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 7.0 times

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Thu Nov 14, 2024 12:00 pm JST Earnings

4020 BETREND CORPORATION 【J-GAAP】

Earnings Report

BETREND CORPORATION <4020> [TSE-G] announced its financial results at noon (12:00) on November 14th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 20.3% from the same period last year, reaching 71 million yen.

In addition, the full-year ordinary profit has been revised upward by 7.0 times, from the previous forecast of 10 million yen to 70 million yen (compared to 98 million yen in the previous period), and the declining rate is expected to decrease from 89.8% to 28.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the July to December period (second half) has been revised upward from an expected loss of 46 million yen to a profit of 14 million yen (compared to a profit of 59 million yen in the same period of the previous year), turning to a profit.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 15 million yen, a 25.0% decrease compared to the same period last year. The operating profit margin worsened from 7.8% in the same period last year to 5.0%.

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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	818	118	116	80	37.0	79.5	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	800	59	59	39	18.1	60.2	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	846	71	71	52	24.2	101.4	Nov 14, 2024	J-GAAP
YoY	+5.8%	+20.3%	+20.3%	+33.3%	+34.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	568	-47	-46	-35	-16.3	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	582	13	14	8	3.7	0	Nov 14, 2024	J-GAAP
Revision Rate	+2.5%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	1,135	10	10	7	3.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	1,149	70	70	50	23.2	0	Nov 14, 2024	J-GAAP
Revision Rate	+1.2%	+600.0%	+600.0%	+614.3%	+614.5%

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	548	59	59	40	18.5	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	582	13	14	8	3.7	0	Nov 14, 2024	J-GAAP
YoY	+6.2%	-78.0%	-76.3%	-80.0%	-79.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,088	147	146	100	46.2	0	Feb 14, 2023	J-GAAP
Dec, 2023	1,091	98	98	66	30.5	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	1,149	70	70	50	23.2	0	Nov 14, 2024	J-GAAP
YoY	+5.3%	-28.6%	-28.6%	-24.2%	-23.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	257	20	20	13	6.0	7.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	291	39	39	27	12.5	13.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	284	33	33	22	10.3	11.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	283	24	23	20	9.3	8.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	279	14	15	10	4.7	5.0	Nov 14, 2024	J-GAAP
YoY	+8.6%	-30.0%	-25.0%	-23.1%	-22.6%