ARTGREEN., Last Fiscal Year Ordinary Profit Revised Downward by 47%

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Tue Dec 10, 2024 2:00 pm JST Revision

3419 ARTGREEN. CO.,LTD. 【J-GAAP】

Guidance Update Report

ARTGREEN. CO.,LTD. <3419> [NSE Next] announced a performance revision in the afternoon session on December 10th (14:00). The consolidated ordinary profit for the fiscal year ending October 2024 has downwardly 47.0%, from the previous forecast of 66 million yen to 35 million yen (compared to 13 million yen in the previous period), leading to a reduction in the profit growth rate from 5.1 times to 2.7 times.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the May to October period (second half) consolidated ordinary profit/loss has been revised downward from an expected profit of 29 million yen to a loss of 2 million yen (compared to a loss of 22 million yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Prev	1,316	32	29	17	14.5	0	Jun 12, 2024	J-GAAP
May - Oct, 2024 New	1,227	2	-2	-4	-3.6	0	Dec 10, 2024	J-GAAP
Revision Rate	-6.8%	-93.8%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Prev	2,605	68	66	34	29.0	0	Jun 12, 2024	J-GAAP
Oct, 2024 New	2,516	38	35	13	11.7	0	Dec 10, 2024	J-GAAP
Revision Rate	-3.4%	-44.1%	-47.0%	-61.8%	-59.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	1,245	-23	-22	-20	0.1	0	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	1,227	2	-2	-4	-3.6	0	Dec 10, 2024	J-GAAP
YoY	-1.4%	－	+90.9%	+80.0%	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	2,295	58	68	40	35.6	0	Dec 13, 2022	J-GAAP
Oct, 2023	2,484	15	13	0	0.1	0	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	2,516	38	35	13	11.7	0	Dec 10, 2024	J-GAAP
YoY	+1.3%	+153.3%	+169.2%	－	+23,380.0%