MRT Inc., January-September (Third Quarter Cumulative) Net Income Turns to Loss, July-September Net Income Turns to Loss

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Thu Nov 14, 2024 3:30 pm JST Earnings

6034 MRT Inc. 【IFRS】

Earnings Report

MRT Inc. <6034> [TSE-G] announced its financial results (based on IFRS) 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 64 million yen (compared to a profit of 602 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to December period (4Q) is expected to turn into a profit of 144 million yen (compared to a loss of 85 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 96 million yen (compared to a profit of 86 million yen in the same period last year). The operating profit/loss margin drastically worsened from 13.8% in the same period last year to -13.9%.

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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	6,989	2,588	2,554	1,737	311.7	87.0	Nov 11, 2022	IFRS
Jan - Sep, 2023	4,348	941	962	602	109.8	112.1	Nov 14, 2023	IFRS
Jan - Sep, 2024	3,153	-34	-51	-64	-11.8	ー	Nov 14, 2024	IFRS
YoY	-27.5%	－	－	－	－

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	2,168	46	44	1	0.2	0	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	2,180	54	63	48	8.4	0	Aug 14, 2024	IFRS
YoY	+0.6%	+17.4%	+43.2%	+4,700.0%	+4,561.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	8,738	2,977	2,936	2,159	387.5	30	Feb 14, 2023	IFRS
Dec, 2023	5,407	834	858	517	94.4	0	Feb 14, 2024	IFRS
Dec, 2024 Guidance	4,400	150	150	80	14.0	0	Feb 14, 2024	IFRS
YoY	-18.6%	-82.0%	-82.5%	-84.5%	-85.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,109	153	148	86	15.7	13.8	Nov 14, 2023	IFRS
Oct - Dec, 2023	1,059	-107	-104	-85	-15.5	-10.1	Feb 14, 2024	IFRS
Jan - Mar, 2024	937	-102	-108	-66	-12.2	-10.9	May 15, 2024	IFRS
Apr - Jun, 2024	1,283	198	195	98	18.3	15.4	Aug 14, 2024	IFRS
Jul - Sep, 2024	933	-130	-138	-96	-17.8	-13.9	Nov 14, 2024	IFRS
YoY	-15.9%	－	－	－	－