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

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%.

Kabutan News

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 -8 -69 -163 -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 3,541 501 489 365 35.3 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 2,873 236 219 194 18.7 0 Nov 14, 2024 J-GAAP
Revision Rate -18.9% -52.9% -55.2% -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 2,873 236 219 194 18.7 0 Nov 14, 2024 J-GAAP
YoY +120.3% -17.2% -22.6% -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 -237 -274 -286 -28.3 -27.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,406 136 123 84 8.3 9.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,399 93 82 39 3.8 6.6 Nov 14, 2024 J-GAAP
YoY +121.7% -32.1% -40.1% -63.6% -64.5%

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