FRONTEO,Inc., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 8.4 times

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Thu Nov 14, 2024 4:00 pm JST Earnings

2158 FRONTEO,Inc. 【J-GAAP】

Earnings Report

FRONTEO,Inc. <2158> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 295 million yen (compared to a loss of 492 million yen in the same period last year). The progress rate against the 420 million yen full-year plan was 70.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 61.4% from the same period last year to 125 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 8.4 times that of the same period last year, reaching 118 million yen. The operating profit margin drastically improved from 0.8% in the same period last year to 9.0%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	4,151	-224	-128	-653	-16.6	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	3,448	-558	-492	-511	-13.0	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	3,144	290	295	206	5.3	70.2	Nov 14, 2024	J-GAAP
YoY	-8.8%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	3,144	290	295	206	5.3	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	3,927	373	324	-2,332	-59.3	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,356	110	125	114	2.9	0	Nov 14, 2024	J-GAAP
YoY	-14.5%	-70.5%	-61.4%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,215	-1,361	-1,292	-1,701	-43.3	0	May 15, 2023	J-GAAP
Mar, 2024	7,375	-185	-168	-2,843	-72.3	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	6,500	400	420	320	8.1	0	Aug 14, 2024	J-GAAP
YoY	-11.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,975	15	14	-58	-1.5	0.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,730	-122	-126	-146	-3.7	-7.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,197	495	450	-2,186	-55.6	22.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,580	150	177	124	3.2	9.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,564	140	118	82	2.1	9.0	Nov 14, 2024	J-GAAP
YoY	-20.8%	+833.3%	+742.9%	－	－