Kitalive Inc., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 46%, July-September Ordinary Profit Decreases by 35%

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Thu Nov 14, 2024 3:30 pm JST Earnings

5039 Kitalive Inc. 【J-GAAP】

Earnings Report

Kitalive Inc. <5039> [SSE-A] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 46.3% from the same period last year to 80 million yen. The progress rate against the 130 million yen full-year plan was 61.5%, also falling below the same period of the previous year of 73.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to decrease by 5.7% from the same period last year to 50 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit dropped to 24 million yen, a 35.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 18.7% in the same period last year to 12.2%.

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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	504	140	129	87	72.8	72.9	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	618	149	149	101	81.3	73.8	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	588	80	80	54	43.6	61.5	Nov 14, 2024	J-GAAP
YoY	-4.9%	-46.3%	-46.3%	-46.5%	-46.4%

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	396	85	90	71	56.7	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	519	65	74	53	42.3	0	Aug 14, 2024	J-GAAP
YoY	+31.1%	-23.5%	-17.8%	-25.4%	-25.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	706	183	177	127	104.7	0	Feb 14, 2023	J-GAAP
Dec, 2023	816	197	202	147	117.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	910	121	130	91	72.6	0	Feb 14, 2024	J-GAAP
YoY	+11.5%	-38.6%	-35.6%	-38.1%	-38.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	198	37	37	25	20.1	18.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	198	48	53	46	36.7	24.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	196	43	43	29	23.8	21.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	195	13	13	9	7.4	6.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	197	24	24	16	12.9	12.2	Nov 14, 2024	J-GAAP
YoY	-0.5%	-35.1%	-35.1%	-36.0%	-35.9%