Faith,Inc., First Half Ordinary Profit Loss Narrows, Second Half Dividend Postponed

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Thu Nov 14, 2024 4:00 pm JST Earnings

4295 Faith,Inc. 【J-GAAP】

Earnings Report

Faith,Inc. <4295> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 94 million yen (compared to a loss of 362 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 283 million yen (compared to a loss of 202 million yen in the same period last year).

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the the second half of 5 yen for the current fiscal year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 61 million yen (compared to a loss of 315 million yen in the same period last year). The operating profit/loss margin drastically improved from -8.8% in the same period last year to -2.6%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	7,299	-240	-218	-263	-23.6	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	6,773	-329	-362	-363	-33.6	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	6,988	-135	-94	-290	-26.8	ー	Nov 14, 2024	J-GAAP
YoY	+3.2%	+59.0%	+74.0%	+20.1%	+20.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	5	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	6,988	-135	-94	-290	-26.8	5	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	15,100	199	189	23	2.1	10	Jun 21, 2024	J-GAAP
Mar, 2025 New	15,100	199	189	23	2.1	5	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	8,965	-205	-202	-733	-67.6	5	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,112	334	283	313	28.9	0	Nov 14, 2024	J-GAAP
YoY	-9.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,177	-183	-148	-421	-38.4	10	May 12, 2023	J-GAAP
Mar, 2024	15,738	-534	-564	-1,096	-101.1	10	May 14, 2024	J-GAAP
Mar, 2025 Guidance	15,100	199	189	23	2.1	5	Nov 14, 2024	J-GAAP
YoY	-4.1%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,274	-289	-315	-283	-26.2	-8.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,314	-164	-200	-491	-45.3	-4.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,651	-41	-2	-242	-22.3	-0.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	3,370	-40	-33	-151	-14.0	-1.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,618	-95	-61	-139	-12.9	-2.6	Nov 14, 2024	J-GAAP
YoY	+10.5%	+67.1%	+80.6%	+50.9%	+50.9%