Convano Inc., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

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Thu Nov 14, 2024 3:30 pm JST Earnings

6574 Convano Inc. 【IFRS】

Earnings Report

Convano Inc. <6574> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 120 million yen (compared to a profit of 57 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 48 million yen (compared to a profit of 48 million yen in the same period last year). The operating profit/loss margin drastically worsened from 11.6% in the same period last year to -5.7%.

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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	1,105	-49	-52	-52	-23.1	ー	Nov 11, 2022	IFRS
Apr - Sep, 2023	1,332	95	89	57	25.1	ー	Nov 14, 2023	IFRS
Apr - Sep, 2024	1,513	-116	-120	-120	-27.6	ー	Nov 14, 2024	IFRS
YoY	+13.6%	－	－	－	－

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 10, 2024	IFRS
Apr - Sep, 2024 Results	1,513	-116	-120	-120	-27.6	0	Nov 14, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	3,400	-220	-230	-230	-53.1	0	May 10, 2024	IFRS
Mar, 2025 New	3,400	-220	-230	-230	-53.1	0	Nov 14, 2024	IFRS
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	1,257	-154	-159	-256	-99.5	0	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	1,887	-104	-110	-110	-25.4	0	Nov 14, 2024	IFRS
YoY	+50.1%	+32.5%	+30.8%	+57.0%	+74.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,330	-36	-43	-34	-15.1	0	May 12, 2023	IFRS
Mar, 2024	2,589	-59	-70	-199	-77.3	0	May 10, 2024	IFRS
Mar, 2025 Guidance	3,400	-220	-230	-230	-53.1	0	Nov 14, 2024	IFRS
YoY	+31.3%	-272.9%	-228.6%	-15.6%	+31.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	680	79	75	48	21.2	11.6	Nov 14, 2023	IFRS
Oct - Dec, 2023	646	2	-1	-1	-0.4	0.3	Feb 14, 2024	IFRS
Jan - Mar, 2024	611	-156	-158	-255	-99.1	-25.5	May 10, 2024	IFRS
Apr - Jun, 2024	700	-70	-72	-72	-16.6	-10.0	Aug 9, 2024	IFRS
Jul - Sep, 2024	813	-46	-48	-48	-11.0	-5.7	Nov 14, 2024	IFRS
YoY	+19.6%	－	－	－	－