Renascience Inc., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

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Thu Nov 14, 2024 3:30 pm JST Earnings

4889 Renascience Inc. 【J-GAAP】

Earnings Report

Renascience Inc. <4889> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 92 million yen (compared to a loss of 94 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 ordinary loss for the October to March period (second half) is expected to expand to a loss of 165 million yen (compared to a loss of 157 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 56 million yen (compared to a loss of 96 million yen in the same period last year). However, the operating profit/loss margin drastically worsened from -355.6% in the same period last year to -360.0%.

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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	20	-152	-152	-153	-12.1	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	120	-94	-94	-95	-7.5	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	55	-90	-92	-72	-5.7	ー	Nov 14, 2024	J-GAAP
YoY	-54.2%	+4.3%	+2.1%	+24.2%	+23.5%

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 9, 2024	J-GAAP
Apr - Sep, 2024 Results	55	-90	-92	-72	-5.7	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	74	-158	-157	-163	-12.8	0	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	50	-167	-165	-19	-1.5	0	Nov 14, 2024	J-GAAP
YoY	-32.4%	-5.7%	-5.1%	+88.3%	+88.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	100	-333	-333	-335	-26.4	0	May 11, 2023	J-GAAP
Mar, 2024	194	-252	-251	-258	-20.3	0	May 9, 2024	J-GAAP
Mar, 2025 Guidance	105	-257	-257	-91	-7.2	0	Jul 3, 2024	J-GAAP
YoY	-45.9%	-2.0%	-2.4%	+64.7%	+64.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27	-96	-96	-97	-7.7	-355.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	0	-127	-127	-127	-10.0	-Inf	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	74	-31	-30	-36	-2.8	-41.9	May 9, 2024	J-GAAP
Apr - Jun, 2024	40	-36	-36	-16	-1.3	-90.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	15	-54	-56	-56	-4.5	-360.0	Nov 14, 2024	J-GAAP
YoY	-44.4%	+43.8%	+41.7%	+42.3%	+41.8%