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

Thu Nov 14, 2024 4:00 pm JST Earnings

7093 adish Co., Ltd. 【J-GAAP】

Earnings Report

adish Co., Ltd. <7093> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 100 million yen (compared to a loss of 149 million yen in the same period last year).

However, the full-year consolidated net income/loss has been revised downward from an expected profit of 21 million yen to a loss of 120 million yen (compared to a loss of 193 million 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 consolidated net income/loss for the July to December period (second half) has been revised downward from an expected profit of 84 million yen to a loss of 57 million yen (compared to a loss of 126 million 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 consolidated net loss improved to a deficit of loss of 37 million yen (compared to a loss of 82 million yen in the same period last year). The operating profit/loss margin improved from -4.8% in the same period last year to -4.1%.

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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 2,476 120 129 85 47.5 120.6 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 2,631 -118 -118 -149 -85.9 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 2,683 -98 -83 -100 -58.1 ー Nov 14, 2024 J-GAAP
YoY +2.0% +16.9% +29.7% +32.9% +32.4%

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 2,171 97 82 84 48.0 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 1,815 -49 -44 -57 -32.6 0 Nov 14, 2024 J-GAAP
Revision Rate -16.4% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 3,956 36 36 21 12.0 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 3,600 -110 -90 -120 -68.5 0 Nov 14, 2024 J-GAAP
Revision Rate -9.0% － － － －

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 1,760 -95 -96 -126 -72.1 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,815 -49 -44 -57 -32.6 0 Nov 14, 2024 J-GAAP
YoY +3.1% +48.4% +54.2% +54.8% +54.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 3,420 98 107 77 42.9 0 Feb 14, 2023 J-GAAP
Dec, 2023 3,520 -171 -172 -193 -110.5 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 3,600 -110 -90 -120 -68.5 0 Nov 14, 2024 J-GAAP
YoY +2.3% +35.7% +47.7% +37.8% +38.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 871 -42 -42 -82 -47.3 -4.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 889 -53 -54 -44 -25.2 -6.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 880 -32 -33 -42 -24.5 -3.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 905 -29 -13 -21 -12.2 -3.2 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 898 -37 -37 -37 -21.5 -4.1 Nov 14, 2024 J-GAAP
YoY +3.1% +11.9% +11.9% +54.9% +54.5%

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