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TRADE WORKS Co., Ltd, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

3997 TRADE WORKS Co., Ltd 【J-GAAP】

Earnings Report

TRADE WORKS Co., Ltd <3997> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 147 million yen (compared to a loss of 40 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 180 million yen to a loss of 83 million yen (compared to a profit of 41 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 71.3%, from the previous forecast of 369 million yen to 106 million yen (compared to 62 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 6.0 times to 71.0%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 42 million yen (compared to a loss of 19 million yen in the same period last year). The operating profit/loss margin drastically improved from -2.2% in the same period last year to 3.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 2,560 328 335 202 5.9 102.4 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 2,575 -46 -40 -92 -2.8 ー Nov 10, 2023 J-GAAP
Jan - Sep, 2024 3,171 -146 -147 -169 -5.1 ー Nov 14, 2024 J-GAAP
YoY +23.1% -217.4% -267.5% -83.7% -78.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 2,461 368 369 304 8.8 2 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 New 2,561 102 106 71 2.1 2 Nov 14, 2024 J-GAAP
Revision Rate +4.1% -72.3% -71.3% -76.6% -76.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 4,400 180 180 110 3.2 2 Feb 13, 2024 J-GAAP
Dec, 2024 New 4,500 -86 -83 -123 -3.6 2 Nov 14, 2024 J-GAAP
Revision Rate +2.3% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,147 56 62 -37 -1.1 2 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,561 102 106 71 2.1 2 Nov 14, 2024 J-GAAP
YoY +19.3% +82.1% +71.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 3,270 318 327 200 5.9 1.50 Feb 10, 2023 J-GAAP
Dec, 2023 3,753 31 41 -53 -1.6 2 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 4,500 -86 -83 -123 -3.6 2 Nov 14, 2024 J-GAAP
YoY +19.9% － － -132.1% -120.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 969 -21 -19 -76 -2.3 -2.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,178 77 81 39 1.2 6.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,066 -65 -65 -105 -3.2 -6.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 873 -123 -124 -89 -2.7 -14.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,232 42 42 25 0.8 3.4 Nov 14, 2024 J-GAAP
YoY +27.1% － － － －

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