circlace Inc, July-September (2Q) Ordinary Profit Decreases by 32%

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Thu Nov 14, 2024 4:00 pm JST Earnings

5029 circlace Inc 【J-GAAP】

Earnings Report

circlace Inc <5029> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 23 million yen (compared to a loss of 28 million yen in the previous period non-consolidated).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 204 million yen (compared to a loss of 23 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 21 million yen, a 32.3% decrease compared to the same period last year. The operating profit margin worsened from 4.4% in the same period last year to 2.6%.

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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	1,275	37	32	19	4.7	39.0	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	1,352	-28	-28	-60	-14.2	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	1,697	-28	-23	10	2.5	ー	Nov 14, 2024	J-GAAP
YoY	+25.5%	0.0%	+17.9%	－	－

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 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,697	-28	-23	10	2.5	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	1,548	-57	-23	21	5.0	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,953	210	204	143	32.9	0	Nov 14, 2024	J-GAAP
YoY	+26.2%	－	－	+581.0%	+565.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,527	87	82	11	2.6	0	May 11, 2023	J-GAAP
Mar, 2024	2,900	-85	-51	-39	-9.2	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	3,650	182	181	153	35.2	0	May 14, 2024	J-GAAP
YoY	+25.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	702	31	31	-20	-4.7	4.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	711	-62	-61	-55	-13.0	-8.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	837	5	38	76	17.9	0.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	807	-51	-44	-19	-4.4	-6.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	890	23	21	29	7.3	2.6	Nov 14, 2024	J-GAAP
YoY	+26.8%	-25.8%	-32.3%	－	－