Innovation, Apr-Dec (Cumulative 3Q) Net Income Decreases by 88%, Oct-Dec Net Income Decreases by 97%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Feb 10, 2025 3:30 pm JST Earnings

3970 Innovation Inc. 【J-GAAP】

Earnings Report

Innovation Inc. <3970> [TSE Growth] announced its financial results after the market closed on February 10th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 88.0% from the same period last year to 25 million yen. The progress rate toward the full-year plan of 300 million yen was 8.3%, also falling below the same period of the previous year of 85.2%.

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 January to March period (4Q) is expected to surge 7.6 times that of the same period last year, reaching 275 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 2 million yen, a 97.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.3% in the same period last year to 3.2%.

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	3,396	393	395	222	90.6	114.5	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	3,375	311	315	208	81.4	78.0	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	3,892	226	221	25	9.7	43.5	Feb 10, 2025	J-GAAP
YoY	+15.3%	-27.3%	-29.8%	-88.0%	-88.1%

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	2,703	168	170	108	42.1	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,353	325	327	277	104.7	40	Nov 11, 2024	J-GAAP
YoY	+24.0%	+93.5%	+92.4%	+156.5%	+148.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,570	343	345	62	25.5	39	May 15, 2023	J-GAAP
Mar, 2024	4,813	399	404	244	95.1	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	5,944	510	508	300	113.4	40	May 10, 2024	J-GAAP
YoY	+23.5%	+27.8%	+25.7%	+23.0%	+19.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,265	80	81	72	28.2	6.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,438	88	89	36	14.0	6.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,215	31	31	-12	-4.8	2.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,376	154	150	35	13.3	11.2	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	1,301	41	40	2	0.8	3.2	Feb 10, 2025	J-GAAP
YoY	+2.8%	-48.8%	-50.6%	-97.2%	-97.2%