Billing System Corporation, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 67%, July-September Ordinary Profit Increases by 29%

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Thu Nov 14, 2024 3:30 pm JST Earnings

3623 Billing System Corporation 【J-GAAP】

Earnings Report

Billing System Corporation <3623> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 442 million yen, an increase of 66.8% compared to the same period last year. The progress rate against the 489 million yen full-year plan was 90.4%, also surpassing the five-year average of 61.4%.

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 76.4% from the same period last year to 47 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 29.2% from the same period last year, reaching 137 million yen. The operating profit margin rose from 11.5% in the same period last year to 13.4%.

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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	2,354	328	327	212	33.8	68.1	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	2,744	266	265	156	24.8	57.1	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	3,110	444	442	288	45.9	90.4	Nov 14, 2024	J-GAAP
YoY	+13.3%	+66.9%	+66.8%	+84.6%	+85.0%

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	1,958	306	305	211	33.6	12	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,875	183	184	104	16.5	12	Aug 14, 2024	J-GAAP
YoY	-4.2%	-40.2%	-39.7%	-50.7%	-50.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	3,434	481	480	323	51.4	10	Feb 13, 2023	J-GAAP
Dec, 2023	3,782	466	464	300	47.7	12	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,955	489	489	303	48.2	12	Feb 14, 2024	J-GAAP
YoY	+4.6%	+4.9%	+5.4%	+1.0%	+1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	920	106	106	67	10.7	11.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,038	200	199	144	22.9	19.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	995	144	144	94	15.1	14.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,085	162	161	105	16.7	14.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,030	138	137	89	14.2	13.4	Nov 14, 2024	J-GAAP
YoY	+12.0%	+30.2%	+29.2%	+32.8%	+33.0%