Stamen Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 3.6 times

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Thu Nov 14, 2024 4:00 pm JST Earnings

4019 Stamen Co.,Ltd. 【J-GAAP】

Earnings Report

Stamen Co.,Ltd. <4019> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 165 million yen, an increase of 50.0% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 3.6 times, from the previous forecast of 28 million yen to 100 million yen (compared to 162 million yen in the previous period), and the declining rate is expected to decrease from 82.7% to 38.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 4.8 times, from the previous forecast of 19 million yen to 91 million yen (compared to 90 million yen in the same period of the previous year), turning to a 1.1% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 4.1 times that of the same period last year, reaching 156 million yen. The operating profit margin drastically improved from 7.5% in the same period last year to 22.0%.

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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	918	89	89	65	7.8	67.4	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	1,350	109	110	84	9.9	67.9	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	1,939	164	165	51	5.9	165.0	Nov 14, 2024	J-GAAP
YoY	+43.6%	+50.5%	+50.0%	-39.3%	-40.7%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	1,255	21	19	21	2.4	0	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	1,370	92	91	69	7.9	0	Nov 14, 2024	J-GAAP
Revision Rate	+9.2%	+338.1%	+378.9%	+228.6%	+226.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	2,485	29	28	2	0.2	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	2,600	100	100	50	5.7	0	Nov 14, 2024	J-GAAP
Revision Rate	+4.6%	+244.8%	+257.1%	+2,400.0%	+2,387.0%

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	1,011	91	90	69	8.1	4	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,370	92	91	69	7.9	0	Nov 14, 2024	J-GAAP
YoY	+35.5%	+1.1%	+1.1%	0.0%	-2.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,300	131	132	99	11.8	0	Feb 14, 2023	J-GAAP
Dec, 2023	1,879	164	162	125	14.6	4	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	2,600	100	100	50	5.7	0	Nov 14, 2024	J-GAAP
YoY	+38.4%	-39.0%	-38.3%	-60.0%	-60.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	482	36	38	28	3.3	7.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	529	55	52	41	4.8	10.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	577	27	27	-1	-0.2	4.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	653	-19	-18	-18	-2.2	-2.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	709	156	156	70	8.1	22.0	Nov 14, 2024	J-GAAP
YoY	+47.1%	+333.3%	+310.5%	+150.0%	+143.8%