sinops Inc., July-September (3Q) Ordinary Profit Increases by 2.9 times

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Thu Nov 14, 2024 3:30 pm JST Earnings

4428 sinops Inc. 【J-GAAP】

Earnings Report

sinops Inc. <4428> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 57.3% from the same period last year to 64 million yen. The progress rate against the 340 million yen full-year plan was 18.8%, also falling below the five-year average of 36.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to surge by 2.3 times that of the same period last year, reaching 276 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit surged to 2.9 times that of the same period last year, reaching 40 million yen. The operating profit margin drastically improved from 3.5% in the same period last year to 9.1%.

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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	969	80	79	53	8.7	35.3	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	1,223	151	150	97	15.8	55.8	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	1,275	64	64	42	6.8	18.8	Nov 14, 2024	J-GAAP
YoY	+4.3%	-57.6%	-57.3%	-56.7%	-57.2%

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	901	133	133	117	18.9	13	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,295	317	316	224	36.0	8	Aug 14, 2024	J-GAAP
YoY	+43.7%	+138.3%	+137.6%	+91.5%	+90.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,455	224	224	153	24.9	0	Feb 13, 2023	J-GAAP
Dec, 2023	1,728	270	269	206	33.3	13	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	2,120	340	340	238	38.2	15	Feb 13, 2024	J-GAAP
YoY	+22.7%	+25.9%	+26.4%	+15.5%	+14.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	396	14	14	8	1.3	3.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	505	119	119	109	17.6	23.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	386	8	7	4	0.8	2.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	439	15	17	10	1.6	3.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	450	41	40	28	4.5	9.1	Nov 14, 2024	J-GAAP
YoY	+13.6%	+192.9%	+185.7%	+250.0%	+246.9%