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FISCO Ltd., The Current Fiscal Year Net Income Revised Downward to a Loss

Thu Nov 14, 2024 4:00 pm JST Earnings

3807 FISCO Ltd. 【J-GAAP】

Earnings Report

FISCO Ltd. <3807> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 504 million yen (compared to a loss of 302 million yen in the same period last year).

In addition, the full-year net income/loss has been revised downward from an expected profit of 46 million yen to a loss of 503 million yen (compared to a loss of 1.59 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the net income/loss for the July to December period (second half) has been revised downward from an expected profit of 177 million yen to a loss of 372 million yen (compared to a loss of 1.35 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the net loss expanded to a loss of 373 million yen (compared to a loss of 66 million yen in the same period last year). However, the operating profit/loss margin drastically improved from -33.6% in the same period last year to -4.8%.

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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 915 157 187 183 4.0 256.2 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 704 -399 -313 -302 -6.6 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 622 -334 -333 -504 -11.0 ー Nov 14, 2024 J-GAAP
YoY -11.6% +16.3% -6.4% -66.9% -66.7%

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 784 372 371 177 3.9 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 464 -9 -9 -372 -8.1 0 Nov 14, 2024 J-GAAP
Revision Rate -40.8% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 1,177 49 49 46 1.0 0 Feb 19, 2024 J-GAAP
Dec, 2024 New 857 -332 -331 -503 -11.0 0 Nov 14, 2024 J-GAAP
Revision Rate -27.2% － － － －

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 688 -368 -296 -1,355 -29.6 0 Feb 19, 2024 J-GAAP
Jul - Dec, 2024 Guidance 464 -9 -9 -372 -8.1 0 Nov 14, 2024 J-GAAP
YoY -32.6% +97.6% +97.0% +72.5% +72.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,071 46 73 -2,750 -60.1 3 Feb 20, 2023 J-GAAP
Dec, 2023 961 -622 -537 -1,591 -34.7 0 Feb 19, 2024 J-GAAP
Dec, 2024 Guidance 857 -332 -331 -503 -11.0 0 Nov 14, 2024 J-GAAP
YoY -10.8% +46.6% +38.4% +68.4% +68.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 431 -145 -72 -66 -1.4 -33.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 257 -223 -224 -1,289 -28.1 -86.8 Feb 19, 2024 J-GAAP
Jan - Mar, 2024 195 -50 -49 -50 -1.1 -25.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 198 -273 -273 -81 -1.8 -137.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 229 -11 -11 -373 -8.1 -4.8 Nov 14, 2024 J-GAAP
YoY -46.9% +92.4% +84.7% -465.2% -465.3%

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