Fast Accounting Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 2.5 times, Exceeds Full-Year Plan

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Thu Nov 14, 2024 12:00 pm JST Earnings

5588 Fast Accounting Co.,Ltd. 【J-GAAP】

Earnings Report

Fast Accounting Co.,Ltd. <5588> [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) surged by 2.5 times that of the same period last year, reaching 172 million yen. The progress rate against the full-year plan of 167 million yen is 103.0%, already exceeding the target and also exceeding the same period of the previous year of 58.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 5 million yen (compared to a profit of 49 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the ordinary profit surged to 5.1 times that of the same period last year, reaching 71 million yen. The operating profit margin drastically improved from 6.3% in the same period last year to 15.7%.

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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, 2023	877	76	68	67	7.1	58.1	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	1,236	170	172	144	13.5	103.0	Nov 14, 2024	J-GAAP
YoY	+40.9%	+123.7%	+152.9%	+114.9%	+89.3%

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	673	70	63	71	7.3	0.78	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	868	68	66	353	32.5	1.10	Aug 14, 2024	J-GAAP
YoY	+29.0%	-2.9%	+4.8%	+397.2%	+343.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	1,232	126	117	125	12.9	0.78	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	1,653	167	167	438	40.3	1.10	Mar 19, 2024	J-GAAP
YoY	+34.2%	+32.5%	+42.7%	+250.4%	+212.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	318	20	14	13	1.4	6.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	355	50	49	58	6.0	14.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	377	55	57	48	4.6	14.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	408	44	44	37	3.5	10.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	451	71	71	59	5.5	15.7	Nov 14, 2024	J-GAAP
YoY	+41.8%	+255.0%	+407.1%	+353.8%	+300.0%