Bizmates, Inc., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 6% Increase, Highest in Two Terms

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Thu Nov 14, 2024 3:30 pm JST Earnings

9345 Bizmates, Inc. 【J-GAAP】

Earnings Report

Bizmates, Inc. <9345> [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) increased by 21.9% from the same period last year, reaching 239 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 29.7%, from the previous forecast of 259 million yen to 336 million yen (compared to 318 million yen in the previous period), reaches new record high for the first time in two terms, turning to a 5.7% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 63.1%, from the previous forecast of 122 million yen to 199 million yen (compared to 219 million yen in the same period of the previous year), and the declining rate is expected to decrease from 44.3% to 9.1%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 5.2% from the same period last year, reaching 102 million yen. However, the operating profit margin decreased from 12.3% in the same period last year to 11.6%.

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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	2,315	221	196	124	82.1	61.6	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	2,561	266	239	151	95.2	71.1	Nov 14, 2024	J-GAAP
YoY	+10.6%	+20.4%	+21.9%	+21.8%	+16.0%

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	1,775	107	122	79	49.3	30	Sep 17, 2024	J-GAAP
Jul - Dec, 2024 New	1,804	211	199	124	77.3	30	Nov 14, 2024	J-GAAP
Revision Rate	+1.6%	+97.2%	+63.1%	+57.0%	+57.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	3,439	269	259	166	103.5	30	Sep 17, 2024	J-GAAP
Dec, 2024 New	3,468	373	336	211	131.6	30	Nov 14, 2024	J-GAAP
Revision Rate	+0.8%	+38.7%	+29.7%	+27.1%	+27.1%

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	1,641	228	219	138	90.2	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,804	211	199	124	77.3	30	Nov 14, 2024	J-GAAP
YoY	+9.9%	-7.5%	-9.1%	-10.1%	-14.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,837	343	328	225	163.7	0	Mar 30, 2023	J-GAAP
Dec, 2023	3,135	348	318	199	130.1	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,468	373	336	211	131.6	30	Nov 14, 2024	J-GAAP
YoY	+10.6%	+7.2%	+5.7%	+6.0%	+1.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	821	101	97	63	41.7	12.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	820	127	122	75	49.0	15.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	817	92	83	53	34.0	11.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	847	70	54	34	21.6	8.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	897	104	102	64	40.4	11.6	Nov 14, 2024	J-GAAP
YoY	+9.3%	+3.0%	+5.2%	+1.6%	-3.2%