BuySell Technologies Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 2.2 times, July-September Ordinary Profit Increases by 4.2 times

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Thu Nov 14, 2024 3:30 pm JST Earnings

7685 BuySell Technologies Co.,Ltd. 【J-GAAP】

Earnings Report

BuySell Technologies Co.,Ltd. <7685> [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) surged by 2.2 times that of the same period last year, reaching 3.28 billion yen. The progress rate against the 4.14 billion yen full-year plan was 79.2%, also surpassing the five-year average of 70.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to drop by 30.2% from the same period last year to 860 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 4.2 times that of the same period last year, reaching 973 million yen. The operating profit margin drastically improved from 2.3% in the same period last year to 8.3%.

Kabutan News

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	23,856	2,541	2,525	1,522	106.7	68.8	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	29,816	1,549	1,522	706	48.5	55.3	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	44,190	3,711	3,280	1,764	123.4	79.2	Nov 14, 2024	J-GAAP
YoY	+48.2%	+139.6%	+115.5%	+149.9%	+154.3%

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	23,013	1,483	1,463	818	56.4	25	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	33,130	2,260	1,833	1,030	70.5	30	Aug 14, 2024	J-GAAP
YoY	+44.0%	+52.4%	+25.3%	+25.9%	+25.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	33,724	3,694	3,672	2,268	158.3	20	Feb 13, 2023	J-GAAP
Dec, 2023	42,574	2,796	2,754	1,453	100.1	25	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	61,850	4,680	4,140	2,240	153.2	30	Aug 14, 2024	J-GAAP
YoY	+45.3%	+67.4%	+50.3%	+54.2%	+53.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,255	236	231	71	4.9	2.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	12,758	1,247	1,232	747	51.5	9.8	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,121	689	600	293	20.5	5.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	16,599	1,731	1,707	917	64.2	10.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	15,470	1,291	973	554	38.8	8.3	Nov 14, 2024	J-GAAP
YoY	+50.9%	+447.0%	+321.2%	+680.3%	+694.1%