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Showcase Inc., The Current Fiscal Year Net Income Revised Downward to a Loss, 50% Deficit Against Net Assets

Thu Nov 14, 2024 5:45 pm JST Earnings

3909 Showcase Inc. 【J-GAAP】

Earnings Report

Showcase Inc. <3909> [TSE-S] announced its financial results after the market closed on November 14th (17:45). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 690 million yen (compared to a loss of 102 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 92 million yen to a loss of 750 million yen (compared to a loss of 117 million yen in the previous period), turning to a loss outlook The deficit amounted to a 49.7% impairment of net assets at the end of the previous fiscal year..

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 237 million yen to a loss of 605 million yen (compared to a loss of 70 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 545 million yen (compared to a loss of 55 million yen in the same period last year). However, the operating profit/loss margin significantly improved from -9.2% in the same period last year to -5.4%.

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, 2022 3,233 -347 -356 -340 -39.7 ー Nov 14, 2022 J-GAAP
Jan - Sep, 2023 4,459 -222 -229 -102 -12.1 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 4,758 -199 -218 -690 -99.2 ー Nov 14, 2024 J-GAAP
YoY +6.7% +10.4% +4.8% -576.5% -717.1%

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 4,612 227 228 237 27.6 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 2,892 -68 -127 -605 -70.6 0 Nov 14, 2024 J-GAAP
Revision Rate -37.3% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 7,950 105 95 92 10.7 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 6,230 -190 -260 -750 -87.5 0 Nov 14, 2024 J-GAAP
Revision Rate -21.6% － － － －

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 2,290 -161 -168 -70 -8.7 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,892 -68 -127 -605 -70.6 0 Nov 14, 2024 J-GAAP
YoY +26.3% +57.8% +24.4% -764.3% -707.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,631 -530 -541 -526 -61.4 0 Feb 14, 2023 J-GAAP
Dec, 2023 5,683 -285 -298 -117 -14.6 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 6,230 -190 -260 -750 -87.5 0 Nov 14, 2024 J-GAAP
YoY +9.6% +33.3% +12.8% -541.0% -498.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,066 -98 -99 -55 -6.6 -9.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,224 -63 -69 -15 -1.9 -5.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,608 -71 -74 -53 -7.6 -4.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,730 -51 -59 -92 -13.3 -2.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,420 -77 -85 -545 -78.4 -5.4 Nov 14, 2024 J-GAAP
YoY +33.2% +21.4% +14.1% -890.9% -1,096.2%

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