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CONVUM Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 5%

Thu Nov 14, 2024 4:00 pm JST Earnings

6265 CONVUM Ltd. 【J-GAAP】

Earnings Report

CONVUM Ltd. <6265> [TSE-S] 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) decreased by 5.5% from the same period last year to 259 million yen. However, The progress rate against the 305 million yen full-year plan was 84.9%, also surpassing the five-year average of 77.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to drop by 49.5% from the same period last year to 46 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 88 million yen, an increase of 2.3% compared to the same period last year. The operating profit margin rose from 15.5% in the same period last year to 17.3%.

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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 1,854 483 515 372 239.1 79.6 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 1,437 242 274 180 116.1 75.1 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 1,378 234 259 182 117.5 84.9 Nov 14, 2024 J-GAAP
YoY -4.1% -3.3% -5.5% +1.1% +1.2%

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 957 150 177 114 73.4 25 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 905 124 134 102 65.5 25 Aug 9, 2024 J-GAAP
YoY -5.4% -17.3% -24.3% -10.5% -10.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,380 614 647 458 294.8 60 Feb 14, 2023 J-GAAP
Dec, 2023 1,924 319 365 237 152.6 50 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 1,814 277 305 220 141.3 50 Feb 14, 2024 J-GAAP
YoY -5.7% -13.2% -16.4% -7.2% -7.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 470 73 86 57 36.8 15.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 487 77 91 57 36.7 15.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 427 70 74 48 31.0 16.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 482 83 97 70 45.2 17.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 469 81 88 64 41.3 17.3 Nov 14, 2024 J-GAAP
YoY -0.2% +11.0% +2.3% +12.3% +12.4%

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