AI CROSS, Last Fiscal Year Ordinary Profit Revised Upward by 8%, Raises Record High Profit Forecast

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Wed Jan 22, 2025 12:00 pm JST Revision

4476 AI CROSS Inc. 【J-GAAP】

Guidance Update Report

AI CROSS Inc. <4476> [TSE Growth] announced a performance revision at noon (12:00) on January 22nd. The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward 8.5%, from the previous forecast of 295 million yen to 320 million yen (compared to 291 million yen in the previous period), increasing the growth rate from 1.4% to 10.0%, further surpassing the previous forecast of record-high profits for two consecutive terms. However, the full-year consolidated net income has decreased 20.0%, from the previous forecast of 175 million yen to 140 million yen (compared to 156 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 10.3% decrease in profit.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated ordinary profit has been revised upward 29.8%, from the previous forecast of 84 million yen to 109 million yen (compared to 147 million yen in the same period of the previous year), and the declining rate is expected to decrease from 42.9% to 25.9%.

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	1,487	85	84	50	13.3	0	Sep 12, 2024	J-GAAP
Jul - Dec, 2024 New	1,927	115	109	15	4.0	0	Jan 22, 2025	J-GAAP
Revision Rate	+29.6%	+35.3%	+29.8%	-70.0%	-70.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	3,260	300	295	175	46.6	0	Sep 12, 2024	J-GAAP
Dec, 2024 New	3,700	330	320	140	37.2	0	Jan 22, 2025	J-GAAP
Revision Rate	+13.5%	+10.0%	+8.5%	-20.0%	-20.1%

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	1,601	142	147	94	23.8	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,927	115	109	15	4.0	0	Jan 22, 2025	J-GAAP
YoY	+20.4%	-19.0%	-25.9%	-84.0%	-83.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	3,305	223	218	95	24.1	0	Feb 14, 2023	J-GAAP
Dec, 2023	3,254	292	291	156	39.5	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,700	330	320	140	37.2	0	Jan 22, 2025	J-GAAP
YoY	+13.7%	+13.0%	+10.0%	-10.3%	-5.9%