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

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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%