Airtrip Corp., 76% Decrease in Net Income for The Current Fiscal Year

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Thu Nov 14, 2024 3:30 pm JST Earnings

6191 Airtrip Corp. 【IFRS】

Earnings Report

Airtrip Corp. <6191> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the fiscal year ending September 2024 expanded to 63.6% from the previous period to 2.08 billion yen. However, for the fiscal year ending September 2025 is also bleak, with an expected significant drop by 76.0% from the previous period to 500 million yen.

At the same time, the company decided to implement a year-end dividend of 10 yen for the previous term, which had been previously undecided, and has left the annual dividend for the current term undetermined.

In the most recent three-month period, from July to September (4Q), the consolidated net loss improved to a deficit of loss of 354 million yen (compared to a loss of 599 million yen in the same period last year). The operating profit/loss margin drastically improved from -9.6% in the same period last year to -3.4%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	13,589	2,243	2,030	1,712	85.9	10	Nov 14, 2022	IFRS
Sep, 2023	23,386	2,018	1,973	1,274	57.3	10	Nov 14, 2023	IFRS
Sep, 2024	26,635	2,401	1,942	2,084	93.1	10	Nov 14, 2024	IFRS
YoY	+13.9%	+19.0%	-1.6%	+63.6%	+62.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	26,000	2,000	1,450	1,300	58.1	－	Aug 14, 2024	IFRS
Sep, 2024 Results	26,635	2,401	1,942	2,084	93.1	10	Nov 14, 2024	IFRS
Revision Rate	+2.4%	+20.1%	+33.9%	+60.3%	+60.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	12,486	2,021	1,543	1,015	45.4	0	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	－	Nov 14, 2024	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	23,386	2,018	1,973	1,274	57.3	10	Nov 14, 2023	IFRS
Sep, 2024	26,635	2,401	1,942	2,084	93.1	10	Nov 14, 2024	IFRS
Sep, 2025 Guidance	28,000	1,000	900	500	22.3	－	Nov 14, 2024	IFRS
YoY	+5.1%	-58.4%	-53.7%	-76.0%	-76.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,634	-639	-628	-599	-27.0	-9.6	Nov 14, 2023	IFRS
Oct - Dec, 2023	6,397	980	517	238	10.7	15.3	Feb 14, 2024	IFRS
Jan - Mar, 2024	6,089	1,041	1,026	777	34.7	17.1	May 15, 2024	IFRS
Apr - Jun, 2024	5,987	657	687	1,423	63.6	11.0	Aug 14, 2024	IFRS
Jul - Sep, 2024	8,162	-277	-288	-354	-15.8	-3.4	Nov 14, 2024	IFRS
YoY	+23.0%	+56.7%	+54.1%	+40.9%	+41.3%