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INEST,Inc., First Half Net Income Loss Narrows, July-September Net Income Turns to Profit

Thu Nov 14, 2024 3:30 pm JST Earnings

7111 INEST,Inc. 【IFRS】

Earnings Report

INEST,Inc. <7111> [TSE-S] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 24 million yen (compared to a loss of 387 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 significant drop by 77.3% from the same period last year to 54 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 102 million yen (compared to a loss of 33 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.7% in the same period last year to 2.9%.

Kabutan News

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 3,705 18 -5 -30 -0.3 Nov 14, 2022 IFRS
Apr - Sep, 2023 3,835 13 -5 -387 -4.3 Nov 14, 2023 IFRS
Apr - Sep, 2024 8,717 31 -17 -24 -0.2 Nov 14, 2024 IFRS
YoY +127.3% +138.5% -240.0% +93.8% +94.8%

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 May 20, 2024 IFRS
Apr - Sep, 2024 Results 8,717 31 -17 -24 -0.2 Nov 14, 2024 IFRS
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 6,680 225 184 238 2.4 0 May 20, 2024 IFRS
Oct - Mar, 2024 Guidance 6,283 69 54 0.5 Nov 14, 2024 IFRS
YoY -5.9% -69.3% -77.3% -79.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,937 202 156 450 5.0 0 May 19, 2023 IFRS
Mar, 2024 10,515 238 179 -149 -1.5 0 May 20, 2024 IFRS
Mar, 2025 Guidance 15,000 100 30 0.3 May 20, 2024 IFRS
YoY +42.7% -58.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,855 -31 -39 -33 -0.4 -1.7 Nov 14, 2023 IFRS
Oct - Dec, 2023 2,051 -62 -77 -88 -0.9 -3.0 Feb 14, 2024 IFRS
Jan - Mar, 2024 4,629 287 261 326 3.3 6.2 May 20, 2024 IFRS
Apr - Jun, 2024 4,270 -96 -120 -126 -1.2 -2.2 Aug 14, 2024 IFRS
Jul - Sep, 2024 4,447 127 103 102 0.9 2.9 Nov 14, 2024 IFRS
YoY +139.7%

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