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for Startups, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 15% Decrease

Fri Feb 7, 2025 3:30 pm JST Earnings

7089 for Startups, Inc. 【J-GAAP】

Earnings Report

for Startups, Inc. <7089> [TSE Growth] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 25.2% from the same period last year to 199 million yen.

In addition, the full-year consolidated ordinary profit has decreased 18.9%, from the previous forecast of 450 million yen to 365 million yen (compared to 428 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 14.7% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 28.8%, from the previous forecast of 295 million yen to 210 million yen (compared to 125 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 2.4 times to 68.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 44 million yen (compared to a loss of 37 million yen in the same period last year). The operating profit/loss margin drastically improved from -5.6% in the same period last year to 4.7%.

Kabutan News

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
Apr - Dec, 2022 2,206 487 488 345 97.5 83.3 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 2,443 257 266 235 66.3 62.1 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 2,675 202 199 143 39.9 54.5 Feb 7, 2025 J-GAAP
YoY +9.5% -21.4% -25.2% -39.1% -39.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 2,402 294 295 194 57.5 0 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 2,002 214 210 149 44.2 0 Feb 7, 2025 J-GAAP
Revision Rate -16.7% -27.2% -28.8% -23.2% -23.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 4,100 450 450 310 91.9 0 May 9, 2024 J-GAAP
Mar, 2025 New 3,700 370 365 265 78.6 0 Feb 7, 2025 J-GAAP
Revision Rate -9.8% -17.8% -18.9% -14.5% -14.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,807 119 125 171 47.9 0 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,002 214 210 149 44.2 0 Feb 7, 2025 J-GAAP
YoY +10.8% +79.8% +68.0% -12.9% -7.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,998 585 586 442 124.8 0 May 10, 2023 J-GAAP
Mar, 2024 3,416 423 428 385 107.9 0 May 9, 2024 J-GAAP
Mar, 2025 Guidance 3,700 370 365 265 78.6 0 Feb 7, 2025 J-GAAP
YoY +8.3% -12.5% -14.7% -31.2% -27.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 834 -47 -37 21 5.9 -5.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 973 166 162 150 42.1 17.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 865 78 78 59 16.3 9.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 833 78 77 57 15.7 9.4 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 977 46 44 27 7.5 4.7 Feb 7, 2025 J-GAAP
YoY +17.1% － － +28.6% +27.4%

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