Bewith Inc, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 43% Decrease

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Fri Jan 10, 2025 3:30 pm JST Earnings

9216 Bewith,Inc. 【J-GAAP】

Earnings Report

Bewith,Inc. <9216> [TSE Prime] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) dropped 39.2% from the same period last year to 0.84 billion yen, fell short of the previous forecast of 1.37 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 54.7%, from the previous forecast of 3.18 billion yen to 1.44 billion yen (compared to 2.52 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 43.0% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to drop 47.7% from the same period last year to 0.59 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 0.46 billion yen, a 37.6% decrease compared to the same period last year. The operating profit margin worsened from 7.8% in the same period last year to 5.1%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Nov, 2022	16,603	765	792	523	38.2	34.9	Jan 12, 2023	J-GAAP
Jun - Nov, 2023	19,339	1,403	1,395	958	68.8	55.2	Jan 11, 2024	J-GAAP
Jun - Nov, 2024	18,390	855	848	560	39.8	58.9	Jan 10, 2025	J-GAAP
YoY	-4.9%	-39.1%	-39.2%	-41.5%	-42.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	19,900	1,380	1,370	930	66.0	0	Jul 11, 2024	J-GAAP
Jun - Nov, 2024 Results	18,390	855	848	560	39.8	0	Jan 10, 2025	J-GAAP
Revision Rate	-7.6%	-38.0%	-38.1%	-39.8%	-39.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	42,000	3,200	3,180	2,180	154.7	77	Jul 11, 2024	J-GAAP
May, 2025 New	37,100	1,450	1,440	960	68.1	77	Jan 10, 2025	J-GAAP
Revision Rate	-11.7%	-54.7%	-54.7%	-56.0%	-56.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	18,914	1,140	1,132	875	62.6	53	Jul 11, 2024	J-GAAP
Dec - May, 2024 Guidance	18,710	595	592	400	28.4	77	Jan 10, 2025	J-GAAP
YoY	-1.1%	-47.8%	-47.7%	-54.3%	-54.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	35,158	2,225	2,269	1,678	122.1	49	Jul 13, 2023	J-GAAP
May, 2024	38,253	2,543	2,527	1,833	131.2	53	Jul 11, 2024	J-GAAP
May, 2025 Guidance	37,100	1,450	1,440	960	68.1	77	Jan 10, 2025	J-GAAP
YoY	-3.0%	-43.0%	-43.0%	-47.6%	-48.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	9,689	758	748	518	37.2	7.8	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	9,382	626	616	418	30.0	6.7	Apr 11, 2024	J-GAAP
Mar - May, 2024	9,532	514	516	457	32.7	5.4	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	9,093	382	381	257	18.3	4.2	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	9,297	473	467	303	21.5	5.1	Jan 10, 2025	J-GAAP
YoY	-4.0%	-37.6%	-37.6%	-41.5%	-42.1%