kabutan

SORACOM, The Current Fiscal Year Ordinary Profit Revised Downward by 30%

Thu Feb 13, 2025 3:30 pm JST Earnings

147A SORACOM,INC. 【J-GAAP】

Earnings Report

SORACOM,INC. <147A> [TSE Growth] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 86.9% from the same period last year to 83 million yen.

In addition, the full-year consolidated ordinary profit has decreased 29.9%, from the previous forecast of 913 million yen to 640 million yen (compared to 638 million yen in the previous period), leading to a reduction in the profit growth rate from 43.1% to 0.3%.

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 33.5%, from the previous forecast of 814 million yen to 541 million yen (compared to 437 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 86.3% to 23.8%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 16 million yen (compared to a profit of 431 million yen in the same period last year). The operating profit margin sharply declined from 18.0% in the same period last year to 1.0%.

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, 2024 5,705 123 83 -163 -3.7 13.0 Feb 13, 2025 J-GAAP
YoY － － － － －

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 6,242 823 814 642 14.2 0 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 5,330 548 541 266 5.9 0 Feb 13, 2025 J-GAAP
Revision Rate -14.6% -33.4% -33.5% -58.6% -58.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 9,912 925 913 686 15.2 0 May 10, 2024 J-GAAP
Mar, 2025 New 9,000 650 640 310 6.9 0 Feb 13, 2025 J-GAAP
Revision Rate -9.2% -29.7% -29.9% -54.8% -54.8%

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 4,711 486 437 399 10.4 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,330 548 541 266 5.9 0 Feb 13, 2025 J-GAAP
YoY +13.1% +12.8% +23.8% -33.3% -43.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,928 727 638 485 12.6 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 9,000 650 640 310 6.9 0 Feb 13, 2025 J-GAAP
YoY +13.5% -10.6% +0.3% -36.1% -45.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,474 83 6 29 0.8 3.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,891 94 24 2 0.1 5.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,779 8 75 42 0.9 0.4 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 2,035 21 -16 -207 -4.6 1.0 Feb 13, 2025 J-GAAP
YoY － － － － －

Related Articles