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

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 85.2 0 Nov 14, 2024 J-GAAP
YoY +52.3% +100.0% +101.9% +103.0% +113.4%

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 85.2 0 May 14, 2024 J-GAAP
YoY +14.5% +1.5% +1.9% -1.4% +3.6%

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%

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