Kaizen Platform, Inc., July-September (3Q) Ordinary Profit Decreases by 69%

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Thu Nov 14, 2024 3:30 pm JST Earnings

4170 Kaizen Platform, Inc. 【J-GAAP】

Earnings Report

Kaizen Platform, Inc. <4170> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 21 million yen (compared to a loss of 71 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 ordinary profit for the October to December period (4Q) is expected to significant drop by 74.4% from the same period last year to 21 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 5 million yen, a 68.8% decrease compared to the same period last year. However, the operating profit margin improved from 1.0% in the same period last year to 1.3%.

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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	2,038	-14	-33	-64	-3.9	ー	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	3,188	-75	-71	-88	-5.2	ー	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	3,385	-30	-21	-51	-3.0	ー	Nov 14, 2024	J-GAAP
YoY	+6.2%	+60.0%	+70.4%	+42.0%	+42.0%

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	2,240	61	98	84	5.2	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,251	55	26	22	1.3	0	Aug 14, 2024	J-GAAP
YoY	+0.5%	-9.8%	-73.5%	-73.8%	-74.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,667	-102	-127	-285	-17.2	0	Feb 14, 2023	J-GAAP
Dec, 2023	4,343	-25	11	-21	-1.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	4,500	10	0	-30	-1.8	0	Feb 14, 2024	J-GAAP
YoY	+3.6%	－	－	-42.9%	-37.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,085	11	16	17	1.0	1.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,155	50	82	67	4.1	4.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,120	-29	-20	-55	-3.3	-2.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,129	-16	-6	3	0.2	-1.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,136	15	5	1	0.1	1.3	Nov 14, 2024	J-GAAP
YoY	+4.7%	+36.4%	-68.8%	-94.1%	-94.1%