SecuAvail Inc., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

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Thu Nov 14, 2024 3:30 pm JST Earnings

3042 SecuAvail Inc. 【J-GAAP】

Earnings Report

SecuAvail Inc. <3042> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 53 million yen (compared to a profit of 222 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 14 times that of the same period last year, reaching 86 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 21 million yen (compared to a profit of 261 million yen in the same period last year). The operating profit/loss margin drastically worsened from -0.4% in the same period last year to -8.9%.

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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	502	-43	-43	-43	-5.7	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	510	-32	-35	222	28.9	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	465	-52	-51	-53	-7.0	ー	Nov 14, 2024	J-GAAP
YoY	-8.8%	-62.5%	-45.7%	－	－

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 15, 2024	J-GAAP
Apr - Sep, 2024 Results	465	-52	-51	-53	-7.0	0	Nov 14, 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	588	0	-3	6	0.8	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	775	102	99	86	11.2	0	Nov 14, 2024	J-GAAP
YoY	+31.8%	－	－	+1,333.3%	+1,333.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,029	-34	-30	-44	-5.7	0	May 15, 2023	J-GAAP
Mar, 2024	1,098	-32	-38	228	29.8	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	1,240	50	48	33	4.3	0	May 15, 2024	J-GAAP
YoY	+12.9%	－	－	-85.5%	-85.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	269	-1	0	261	34.0	-0.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	306	-7	-8	38	5.0	-2.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	282	7	5	-32	-4.2	2.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	229	-31	-31	-32	-4.3	-13.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	236	-21	-20	-21	-2.8	-8.9	Nov 14, 2024	J-GAAP
YoY	-12.3%	-2,000.0%	－	－	－