Accrete Inc., July-September (3Q) Ordinary Profit Increases by 6.8 times

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Thu Nov 14, 2024 4:15 pm JST Earnings

4395 Accrete Inc. 【J-GAAP】

Earnings Report

Accrete Inc. <4395> [TSE-G] announced its financial results after the market closed on November 14th (16:15). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 25.4% from the same period last year to 194 million yen. The progress rate against the 428 million yen full-year plan was 45.3%, also falling below the five-year average of 74.7%.

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 surge by 5.2 times that of the same period last year, reaching 234 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 6.8 times that of the same period last year, reaching 109 million yen. The operating profit margin significantly improved from 1.3% in the same period last year to 5.4%.

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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	4,615	996	1,015	714	121.7	86.3	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	3,971	261	260	175	30.9	85.2	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	4,692	198	194	132	23.3	45.3	Nov 14, 2024	J-GAAP
YoY	+18.2%	-24.1%	-25.4%	-24.6%	-24.4%

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	2,680	65	61	-129	-23.0	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,721	348	343	164	28.8	－	Aug 14, 2024	J-GAAP
YoY	+76.2%	+435.4%	+462.3%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	6,190	1,172	1,176	851	146.5	10	Feb 14, 2023	J-GAAP
Dec, 2023	5,433	310	305	33	5.9	5	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	7,319	433	428	224	39.3	－	Feb 14, 2024	J-GAAP
YoY	+34.7%	+39.7%	+40.3%	+578.8%	+569.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,218	16	16	13	2.3	1.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,462	49	45	-142	-25.3	3.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,297	40	40	31	5.5	3.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,301	45	45	29	5.2	3.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,094	113	109	72	12.7	5.4	Nov 14, 2024	J-GAAP
YoY	+71.9%	+606.3%	+581.3%	+453.8%	+455.9%