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

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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%.

Kabutan News

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	12.4	8.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	3,149	-546	-661	-470	-47.7	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	8,095	216	28	-31	-3.2	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	-3.2	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	143.2	45	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	24,905	4,084	3,972	2,731	276.5	96	Nov 14, 2024	J-GAAP
YoY	+30.2%	+54.9%	+62.5%	+93.3%	+93.0%

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	160.8	42	May 15, 2023	J-GAAP
Mar, 2024	22,284	2,090	1,784	943	95.6	45	May 15, 2024	J-GAAP
Mar, 2025 Guidance	33,000	4,300	4,000	2,700	273.4	96	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	-17.6	-10.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,860	-101	-196	-147	-14.9	-2.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	15,275	2,737	2,641	1,560	158.1	17.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,953	-424	-522	-374	-38.0	-21.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	6,142	640	550	343	35.3	10.4	Nov 14, 2024	J-GAAP
YoY	+238.8%	－	－	－	－