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YE DIGITAL, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 21%, Sep-Nov Ordinary Profit Decreases by 70%

Tue Dec 24, 2024 4:00 pm JST Earnings

2354 YE DIGITAL Corporation 【J-GAAP】

Earnings Report

YE DIGITAL Corporation <2354> [TSE Std] announced its financial results after the market closed on December 24th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 20.8% from the same period last year to 1.01 billion yen. The progress rate toward the full-year plan of 1.85 billion yen was 54.6%, also falling below the five-year average of 58.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 3.0 times that of the same period last year, reaching 840 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 154 million yen, a 69.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.6% in the same period last year to 3.4%.

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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
Mar - Nov, 2022 10,953 444 384 487 26.9 45.9 Dec 23, 2022 J-GAAP
Mar - Nov, 2023 14,851 1,205 1,275 789 43.6 81.8 Dec 22, 2023 J-GAAP
Mar - Nov, 2024 14,694 955 1,010 643 35.2 54.6 Dec 24, 2024 J-GAAP
YoY -1.1% -20.7% -20.8% -18.5% -19.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 9,755 773 792 619 34.1 7 Mar 29, 2024 J-GAAP
Sep - Feb, 2024 Guidance 10,219 1,003 994 641 35.0 10 Sep 30, 2024 J-GAAP
YoY +4.8% +29.8% +25.5% +3.6% +2.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 16,151 909 836 783 43.2 10 Mar 30, 2023 J-GAAP
Feb, 2024 19,504 1,488 1,559 1,092 60.2 12 Mar 29, 2024 J-GAAP
Feb, 2025 Guidance 20,300 1,800 1,850 1,200 65.5 20 Aug 20, 2024 J-GAAP
YoY +4.1% +21.0% +18.7% +9.9% +8.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 5,102 490 508 316 17.4 9.6 Dec 22, 2023 J-GAAP
Dec - Feb, 2023 4,653 283 284 303 16.7 6.1 Mar 29, 2024 J-GAAP
Mar - May, 2024 5,064 326 321 191 10.5 6.4 Jun 27, 2024 J-GAAP
Jun - Aug, 2024 5,017 471 535 368 20.2 9.4 Sep 30, 2024 J-GAAP
Sep - Nov, 2024 4,613 158 154 84 4.6 3.4 Dec 24, 2024 J-GAAP
YoY -9.6% -67.8% -69.7% -73.4% -73.6%

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