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RECOMM CO.,LTD., 5.2 times Increase in Net Income, Record High for The First Time in Three Years

Thu Nov 14, 2024 3:30 pm JST Earnings

3323 RECOMM CO.,LTD. 【IFRS】

Earnings Report

RECOMM CO.,LTD. <3323> [TSE-S] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the fiscal year ending September 2024 dropped by 73.6% from the previous period to 83 million yen. For the fiscal year ending September 2025, the profit is expected to surge by 5.2 times the previous term, reaching 430 million yenExpected to reach record high profits for the first time in three years.

In the most recent three-month period, from July to September (4Q), the consolidated net income/loss turned to a loss of 2 million yen (compared to a profit of 113 million yen in the same period last year). The operating profit margin worsened from 5.6% in the same period last year to 3.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 8,920 413 457 351 4.3 1 Nov 14, 2022 IFRS
Sep, 2023 9,510 450 490 314 3.9 1.60 Nov 14, 2023 IFRS
Sep, 2024 11,687 269 307 83 1.0 1.60 Nov 14, 2024 IFRS
YoY +22.9% -40.2% -37.3% -73.6% -73.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 11,687 269 ー 84 1.0 1.60 Nov 12, 2024 IFRS
Sep, 2024 Results 11,687 269 307 83 1.0 1.60 Nov 14, 2024 IFRS
Revision Rate 0.0% 0.0% － -1.2% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 5,501 178 212 128 1.6 0 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 6,800 220 220 120 1.5 0 Nov 14, 2024 IFRS
YoY +23.6% +23.6% +3.8% -6.3% -5.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 9,510 450 490 314 3.9 1.60 Nov 14, 2023 IFRS
Sep, 2024 11,687 269 307 83 1.0 1.60 Nov 14, 2024 IFRS
Sep, 2025 Guidance 14,800 700 700 430 5.3 1.60 Nov 14, 2024 IFRS
YoY +26.6% +160.2% +128.0% +418.1% +417.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,641 149 161 113 1.4 5.6 Nov 14, 2023 IFRS
Oct - Dec, 2023 2,858 2 45 45 0.6 0.1 Feb 14, 2024 IFRS
Jan - Mar, 2024 2,643 176 167 83 1.0 6.7 May 15, 2024 IFRS
Apr - Jun, 2024 2,709 -28 -41 -43 -0.5 -1.0 Aug 9, 2024 IFRS
Jul - Sep, 2024 3,477 119 136 -2 0.0 3.4 Nov 14, 2024 IFRS
YoY +31.7% -20.1% -15.5% － －

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