TRYT Inc., July-September (3Q) Net Income Turns to Loss

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Thu Nov 14, 2024 3:35 pm JST Earnings

9164 TRYT Inc. 【IFRS】

Earnings Report

TRYT Inc. <9164> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:35). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 25.5% from the same period last year to 3.61 billion yen. However, The progress rate against the full-year plan of 3.5 billion yen is 103.2%, already exceeding the target and also exceeding the same period of the previous year of 98.9%.

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 loss of 112 million yen (compared to a profit of 55 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 578 million yen (compared to a profit of 173 million yen in the previous period). The operating profit/loss margin drastically worsened from 4.1% in the same period last year to -2.3%.

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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, 2023	41,213	7,457	7,159	4,846	48.5	101.5	Nov 14, 2023	IFRS
Jan - Sep, 2024	44,681	6,407	5,288	3,612	36.1	99.8	Nov 14, 2024	IFRS
YoY	+8.4%	-14.1%	-26.1%	-25.5%	-25.4%

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	23,632	552	147	228	2.3	0	Feb 13, 2024	IFRS
Jul - Dec, 2024 Guidance	25,542	-495	-835	-690	-6.9	21	Aug 9, 2024	IFRS
YoY	+8.1%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	52,767	7,514	7,050	4,901	49.0	0	Feb 13, 2024	IFRS
Dec, 2024 Guidance	57,500	6,200	5,300	3,500	35.0	21	Aug 9, 2024	IFRS
YoY	+9.0%	-17.5%	-24.8%	-28.6%	-28.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,078	495	256	173	1.7	4.1	Nov 14, 2023	IFRS
Oct - Dec, 2023	11,554	57	-109	55	0.6	0.5	Feb 13, 2024	IFRS
Jan - Mar, 2024	11,852	-653	-1,320	-898	-9.0	-5.5	May 14, 2024	IFRS
Apr - Jun, 2024	20,106	7,348	7,455	5,088	50.9	36.5	Aug 9, 2024	IFRS
Jul - Sep, 2024	12,723	-288	-847	-578	-5.8	-2.3	Nov 14, 2024	IFRS
YoY	+5.3%	－	－	－	－