Mental Health Technologies Co.,Ltd., The Current Fiscal Year Net Income Revised Downward to a Loss

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Thu Nov 14, 2024 3:30 pm JST Earnings

9218 Mental Health Technologies Co.,Ltd. 【J-GAAP】

Earnings Report

Mental Health Technologies Co.,Ltd. <9218> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 162 million yen (compared to a profit of 265 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 163 million yen to a loss of 8 million yen (compared to a profit of 441 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 net income for the July to December period (second half) has downwardly by 46.8%, from the previous forecast of 365 million yen to 194 million yen (compared to 283 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 31.4% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated net income significantly dropped to 40 million yen, a 62.6% decrease compared to the same period last year. The operating profit margin sharply declined from 21.7% in the same period last year to 6.9%.

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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	1,761	419	397	300	30.9	115.1	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	1,935	353	349	265	26.8	70.5	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	3,674	0	-60	-162	-16.0	ー	Nov 14, 2024	J-GAAP
YoY	+89.9%	－	－	－	－

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	3,541	496	484	365	35.3	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	2,873	231	214	194	18.7	0	Nov 14, 2024	J-GAAP
Revision Rate	-18.9%	-53.4%	-55.8%	-46.8%	-47.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	5,816	400	338	163	15.8	0	Mar 27, 2024	J-GAAP
Dec, 2024 New	5,148	135	68	-8	-0.8	0	Nov 14, 2024	J-GAAP
Revision Rate	-11.5%	-66.3%	-79.9%	－	－

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	1,304	285	283	283	28.4	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,873	231	214	194	18.7	0	Nov 14, 2024	J-GAAP
YoY	+120.3%	-18.9%	-24.4%	-31.4%	-34.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,288	369	345	265	27.2	0	Feb 14, 2023	J-GAAP
Dec, 2023	2,608	501	495	441	44.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	5,148	135	68	-8	-0.8	0	Nov 14, 2024	J-GAAP
YoY	+97.4%	-73.1%	-86.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	631	137	137	107	10.8	21.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	673	148	146	176	17.7	22.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	869	-235	-273	-285	-28.3	-27.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,406	139	127	83	8.2	9.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,399	96	86	40	4.0	6.9	Nov 14, 2024	J-GAAP
YoY	+121.7%	-29.9%	-37.2%	-62.6%	-63.4%