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BPLATS,Inc., The Current Fiscal Year Net Income Revised Downward to a Loss, 61% Deficit Against Net Assets

Thu Nov 14, 2024 4:00 pm JST Earnings

4381 BPLATS,Inc. 【J-GAAP】

Earnings Report

BPLATS,Inc. <4381> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 223 million yen (compared to a profit of 26 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 42 million yen to a loss of 343 million yen (compared to a loss of 98 million yen in the previous period), turning to a loss outlook The deficit amounted to a 61.0% impairment of net assets at the end of the previous fiscal year..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to nearly flat at loss of 120 million yen (compared to a loss of 124 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 128 million yen (compared to a profit of 3 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.7% in the same period last year to -22.6%.

Kabutan News

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 424 46 44 43 18.2 25.0 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 474 24 25 26 11.2 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 367 -133 -134 -223 -91.7 Nov 14, 2024 J-GAAP
YoY -22.6%

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 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 367 -133 -134 -223 -91.7 0 Nov 14, 2024 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 1,002 44 37 42 17.0 0 May 14, 2024 J-GAAP
Mar, 2025 New 701 -247 -251 -343 -139.1 0 Nov 14, 2024 J-GAAP
Revision Rate -30.0%

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 423 -100 -103 -124 -51.3 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 334 -114 -117 -120 -48.7 0 Nov 14, 2024 J-GAAP
YoY -21.0% -14.0% -13.6% +3.2% +5.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 945 180 176 182 76.6 0 May 12, 2023 J-GAAP
Mar, 2024 897 -76 -78 -98 -40.6 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 701 -247 -251 -343 -139.1 0 Nov 14, 2024 J-GAAP
YoY -21.9% -225.0% -221.8% -250.0% -242.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 241 4 4 3 1.3 1.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 175 -82 -84 -104 -43.6 -46.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 248 -18 -19 -20 -8.3 -7.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 181 -91 -91 -95 -39.4 -50.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 186 -42 -43 -128 -52.6 -22.6 Nov 14, 2024 J-GAAP
YoY -22.8%

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