Institution for a Global Society Corporation, First Half Ordinary Profit Loss Widens

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Thu Nov 14, 2024 3:30 pm JST Earnings

4265 Institution for a Global Society Corporation 【J-GAAP】

Earnings Report

Institution for a Global Society Corporation <4265> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 185 million yen (compared to a loss of 181 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 146 million yen.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 38.8% from the same period last year, reaching 222 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 66 million yen (compared to a loss of 44 million yen in the same period last year). The operating profit/loss margin drastically worsened from -25.1% in the same period last year to -41.6%.

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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	254	-94	-93	-95	-21.6	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	256	-181	-181	-180	-40.1	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	262	-183	-185	-186	-41.3	ー	Nov 14, 2024	J-GAAP
YoY	+2.3%	-1.1%	-2.2%	-3.3%	-3.1%

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	319	-146	-146	-147	-32.6	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	262	-183	-185	-186	-41.3	0	Nov 14, 2024	J-GAAP
Revision Rate	-17.9%	-25.3%	-26.7%	-26.5%	-26.8%

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	660	160	160	159	35.7	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	788	220	222	221	49.0	0	Nov 14, 2024	J-GAAP
YoY	+19.4%	+37.5%	+38.8%	+39.0%	+37.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	668	-80	-80	-125	-28.4	0	May 15, 2023	J-GAAP
Mar, 2024	916	-21	-21	-21	-4.7	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	1,050	37	37	35	7.8	0	May 15, 2024	J-GAAP
YoY	+14.6%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	175	-44	-44	-42	-9.4	-25.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	175	-73	-72	-73	-16.3	-41.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	485	233	232	232	52.0	48.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	108	-119	-119	-119	-26.5	-110.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	154	-64	-66	-67	-14.9	-41.6	Nov 14, 2024	J-GAAP
YoY	-12.0%	-45.5%	-50.0%	-59.5%	-59.3%