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

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%

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