Eltes, Sep-Nov (3Q) Net Income Increases by 3.3 times

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Fri Jan 10, 2025 4:00 pm JST Earnings

3967 Eltes Co., Ltd. 【J-GAAP】

Earnings Report

Eltes Co., Ltd. <3967> [TSE Growth] announced its financial results after the market closed on January 10th (16:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) turned into a loss of 64 million yen (compared to a profit of 9 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the December to February period (4Q) is expected to decrease 13.7% from the same period last year to 214 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated net income surged 3.3 times that of the same period last year, reaching 30 million yen. However, the operating profit margin worsened from 6.6% in the same period last year to 6.0%.

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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	3,230	94	35	-1	-0.2	24.5	Feb 10, 2023	J-GAAP
Mar - Nov, 2023	4,751	102	68	9	1.6	47.6	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	5,235	50	38	-64	-10.7	15.2	Jan 10, 2025	J-GAAP
YoY	+10.2%	-51.0%	-44.1%	－	－

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	3,575	198	190	257	42.7	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	3,806	391	315	244	40.4	0	Oct 11, 2024	J-GAAP
YoY	+6.5%	+97.5%	+65.8%	-5.1%	-5.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	4,685	202	143	42	7.3	0	Apr 14, 2023	J-GAAP
Feb, 2024	6,535	182	143	257	42.7	0	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	7,200	330	250	150	24.9	0	Apr 12, 2024	J-GAAP
YoY	+10.2%	+81.3%	+74.8%	-41.6%	-41.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,791	118	115	9	1.6	6.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,784	80	75	248	41.2	4.5	Apr 12, 2024	J-GAAP
Mar - May, 2024	1,616	-97	-86	-69	-11.5	-6.0	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,778	36	21	-25	-4.2	2.0	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	1,841	111	103	30	5.0	6.0	Jan 10, 2025	J-GAAP
YoY	+2.8%	-5.9%	-10.4%	+233.3%	+206.7%