SuRaLa Net Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 15%

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Thu Nov 21, 2024 3:30 pm JST Revision

3998 SuRaLa Net Co.,Ltd. 【J-GAAP】

Guidance Update Report

SuRaLa Net Co.,Ltd. <3998> [TSE-G] announced a performance revision after the market closed on November 21st (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward by 15.0%, from the previous forecast of 167 million yen to 192 million yen (compared to 392 million yen in the previous period), and the declining rate is expected to decrease from 57.4% to 51.0%. However, the full-year consolidated net income has downwardly by 58.0%, from the previous forecast of 88 million yen to 37 million yen (compared to 304 million yen in the previous period), leading to an increase in the profit decline rate from 71.1% to 87.8%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated ordinary profit has been revised upward by 50.0%, from the previous forecast of 50 million yen to 75 million yen (compared to 206 million yen in the same period of the previous year), and the declining rate is expected to decrease from 75.7% to 63.6%.

Kabutan News

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	987	45	50	95	14.7	0	Aug 2, 2024	J-GAAP
Jul - Dec, 2024 New	977	71	75	44	6.8	0	Nov 21, 2024	J-GAAP
Revision Rate	-1.0%	+57.8%	+50.0%	-53.7%	-53.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	1,954	160	167	88	13.7	0	Aug 2, 2024	J-GAAP
Dec, 2024 New	1,944	186	192	37	5.7	0	Nov 21, 2024	J-GAAP
Revision Rate	-0.5%	+16.3%	+15.0%	-58.0%	-57.9%

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	1,102	204	206	169	25.7	0	Feb 2, 2024	J-GAAP
Jul - Dec, 2024 Guidance	977	71	75	44	6.8	0	Nov 21, 2024	J-GAAP
YoY	-11.3%	-65.2%	-63.6%	-74.0%	-73.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,147	475	501	355	53.1	0	Feb 3, 2023	J-GAAP
Dec, 2023	2,145	387	392	304	46.3	0	Feb 2, 2024	J-GAAP
Dec, 2024 Guidance	1,944	186	192	37	5.7	0	Nov 21, 2024	J-GAAP
YoY	-9.4%	-51.9%	-51.0%	-87.8%	-87.6%