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FaithNetwork Co.,Ltd, First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

Thu Nov 14, 2024 3:30 pm JST Earnings

3489 FaithNetwork Co.,Ltd 【J-GAAP】

Earnings Report

FaithNetwork Co.,Ltd <3489> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 28 million yen (compared to a loss of 661 million yen in the same period last year). The progress rate against the 4 billion yen full-year plan was 0.7%.

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 62.5% from the same period last year, reaching 3.97 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 550 million yen (compared to a loss of 242 million yen in the same period last year). The operating profit/loss margin drastically improved from -10.0% in the same period last year to 10.4%.

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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 7,237 272 183 123 4.1 8.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 3,149 -546 -661 -470 -15.9 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 8,095 216 28 -31 -1.1 0.7 Nov 14, 2024 J-GAAP
YoY +157.1% － － +93.4% +93.3%

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 ー ー ー ー － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 8,095 216 28 -31 -1.1 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 19,135 2,636 2,445 1,413 47.7 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,905 4,084 3,972 2,731 92.2 32 Nov 14, 2024 J-GAAP
YoY +30.2% +54.9% +62.5% +93.3% +93.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,968 2,518 2,301 1,593 53.6 14 May 15, 2023 J-GAAP
Mar, 2024 22,284 2,090 1,784 943 31.9 15 May 15, 2024 J-GAAP
Mar, 2025 Guidance 33,000 4,300 4,000 2,700 91.1 32 May 15, 2024 J-GAAP
YoY +48.1% +105.7% +124.2% +186.3% +186.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,813 -181 -242 -173 -5.9 -10.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,860 -101 -196 -147 -5.0 -2.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 15,275 2,737 2,641 1,560 52.7 17.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,953 -424 -522 -374 -12.7 -21.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 6,142 640 550 343 11.8 10.4 Nov 14, 2024 J-GAAP
YoY +238.8% － － － －

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