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

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%

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