Inbound Tech Inc., First Half Ordinary Profit Decreases by 92%, July-September Ordinary Profit Decreases by 63%

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Thu Nov 14, 2024 3:30 pm JST Earnings

7031 Inbound Tech Inc. 【J-GAAP】

Earnings Report

Inbound Tech Inc. <7031> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 92.2% from the same period last year to 13 million yen. The progress rate against the 330 million yen full-year plan was 3.9%, also falling below the five-year average of 52.1%.

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 surge by 2.0 times that of the same period last year, reaching 317 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 27 million yen, a 63.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.1% in the same period last year to 3.9%.

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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	1,594	245	243	162	62.0	62.3	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	1,715	170	167	107	41.6	51.5	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,358	15	13	0	0.0	3.9	Nov 14, 2024	J-GAAP
YoY	-20.8%	-91.2%	-92.2%	－	-99.9%

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 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,358	15	13	0	0.0	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	1,603	160	157	101	39.9	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,442	320	317	205	84.4	0	Nov 14, 2024	J-GAAP
YoY	+52.3%	+100.0%	+101.9%	+103.0%	+111.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,291	394	390	254	97.3	0	May 15, 2023	J-GAAP
Mar, 2024	3,318	330	324	208	82.2	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	3,800	335	330	205	84.4	0	May 14, 2024	J-GAAP
YoY	+14.5%	+1.5%	+1.9%	-1.4%	+2.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	828	75	73	42	16.3	9.1	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	770	85	83	48	18.9	11.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	833	75	74	53	21.0	9.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	648	-13	-14	-25	-10.4	-2.0	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	710	28	27	25	10.5	3.9	Nov 14, 2024	J-GAAP
YoY	-14.3%	-62.7%	-63.0%	-40.5%	-35.8%