NOVARESE,Inc., January-September (Third Quarter Cumulative) Net Income Loss Widens, July-September Net Income Loss Widens

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Thu Nov 14, 2024 4:00 pm JST Earnings

9160 NOVARESE,Inc. 【IFRS】

Earnings Report

NOVARESE,Inc. <9160> [TSE-S] announced its financial results (based on IFRS) 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 255 million yen (compared to a loss of 91 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow by 16.0% from the same period last year, reaching 1.19 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net loss expanded to a loss of 235 million yen (compared to a loss of 162 million yen in the same period last year). The operating profit/loss margin worsened from -4.5% in the same period last year to -5.1%.

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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, 2023	12,158	104	-126	-91	-3.7	ー	Nov 14, 2023	IFRS
Jan - Sep, 2024	12,550	-96	-384	-255	-10.2	ー	Nov 14, 2024	IFRS
YoY	+3.2%	－	-204.8%	-180.2%	-179.0%

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	10,014	1,260	1,109	871	34.9	0	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	11,105	1,599	1,387	963	38.5	0	Aug 14, 2024	IFRS
YoY	+10.9%	+26.9%	+25.1%	+10.6%	+10.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	18,265	1,539	1,230	942	37.7	0	Feb 14, 2024	IFRS
Dec, 2024 Guidance	19,576	1,710	1,361	943	37.7	0	Feb 14, 2024	IFRS
YoY	+7.2%	+11.1%	+10.7%	+0.1%	+0.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,907	-175	-247	-162	-6.5	-4.5	Nov 14, 2023	IFRS
Oct - Dec, 2023	6,107	1,435	1,356	1,033	41.3	23.5	Feb 14, 2024	IFRS
Jan - Mar, 2024	3,696	-333	-394	-259	-10.4	-9.0	May 15, 2024	IFRS
Apr - Jun, 2024	4,775	444	368	239	9.7	9.3	Aug 14, 2024	IFRS
Jul - Sep, 2024	4,079	-207	-358	-235	-9.4	-5.1	Nov 14, 2024	IFRS
YoY	+4.4%	-18.3%	-44.9%	-45.1%	-44.3%