INNOTECH, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 41%, Oct-Dec Ordinary Profit Decreases by 46%

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Mon Feb 10, 2025 3:30 pm JST Earnings

9880 INNOTECH CORPORATION 【J-GAAP】

Earnings Report

INNOTECH CORPORATION <9880> [TSE Prime] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 41.3% from the same period last year to 1.28 billion yen. The progress rate toward the full-year plan of 1.8 billion yen was 71.1%, almost the same as the five-year average of 71.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 25.5% from the same period last year to 0.52 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.53 billion yen, a 45.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.1% in the same period last year to 2.9%.

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	28,122	1,430	1,663	990	75.5	67.1	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	30,325	1,839	2,182	994	74.6	75.8	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	29,922	1,165	1,280	995	74.0	71.1	Feb 10, 2025	J-GAAP
YoY	-1.3%	-36.7%	-41.3%	+0.1%	-0.8%

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	21,887	1,620	1,674	644	48.2	35	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,692	902	1,050	891	67.4	35	Nov 8, 2024	J-GAAP
YoY	-5.5%	-44.3%	-37.3%	+38.4%	+39.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	38,629	2,319	2,480	1,666	127.0	70	May 12, 2023	J-GAAP
Mar, 2024	41,358	2,474	2,880	1,477	110.6	70	May 10, 2024	J-GAAP
Mar, 2025 Guidance	41,500	1,800	1,800	1,350	102.1	70	Nov 8, 2024	J-GAAP
YoY	+0.3%	-27.2%	-37.5%	-8.6%	-7.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	10,854	985	976	161	12.1	9.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,033	635	698	483	36.2	5.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	10,218	434	733	434	32.3	4.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,590	464	17	25	1.9	4.4	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	9,114	267	530	536	39.9	2.9	Feb 10, 2025	J-GAAP
YoY	-16.0%	-72.9%	-45.7%	+232.9%	+230.1%