kabutan

monoAI technology Co.,Ltd., The Current Fiscal Year Net Income Loss Widened in Downward Revision

Thu Nov 14, 2024 4:00 pm JST Earnings

5240 monoAI technology Co.,Ltd. 【J-GAAP】

Earnings Report

monoAI technology Co.,Ltd. <5240> [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) expanded to a loss of 399 million yen (compared to a loss of 124 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 226 million yen to a loss of 559 million yen (compared to a loss of 203 million yen in the previous period), indicating an expansion in the loss margin.

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 87 million yen to a loss of 246 million yen (compared to a loss of 141 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 expanded to a loss of 86 million yen (compared to a loss of 62 million yen in the same period last year). The operating profit/loss margin drastically worsened from -2.1% in the same period last year to -17.8%.

Kabutan News

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, 2023 899 -97 -91 -124 -12.2 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 1,095 -207 -212 -399 -36.2 Nov 14, 2024 J-GAAP
YoY +21.8% -113.4% -133.0% -221.8% -197.5%

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 881 82 87 87 7.1 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 951 -134 -133 -246 -20.1 0 Nov 14, 2024 J-GAAP
Revision Rate +7.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 1,636 -40 -41 -226 -18.4 0 Aug 14, 2024 J-GAAP
Dec, 2024 New 1,706 -256 -261 -559 -45.6 0 Nov 14, 2024 J-GAAP
Revision Rate +4.3% -540.0% -536.6% -147.3% -147.3%

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 732 -85 -79 -141 -13.8 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 951 -134 -133 -246 -20.1 0 Nov 14, 2024 J-GAAP
YoY +29.9% -57.6% -68.4% -74.5% -46.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,451 70 56 71 8.2 0 Feb 14, 2023 J-GAAP
Dec, 2023 1,244 -174 -167 -203 -19.8 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 1,706 -256 -261 -559 -45.6 0 Nov 14, 2024 J-GAAP
YoY +37.1% -47.1% -56.3% -175.4% -130.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 387 -8 -3 -62 -6.1 -2.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 345 -77 -76 -79 -7.7 -22.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 400 -31 -31 -33 -3.2 -7.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 355 -91 -97 -280 -26.9 -25.6 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 340 -85 -84 -86 -7.8 -25.0 Nov 14, 2024 J-GAAP
YoY -12.1% -962.5% -2,700.0% -38.7% -28.3%

Related Articles