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Souken Ace, The Current Fiscal Year Net Income Revised Downward to a Loss

Thu Feb 13, 2025 4:00 pm JST Earnings

1757 Souken Ace Co., Ltd. 【J-GAAP】

Earnings Report

Souken Ace Co., Ltd. <1757> [TSE Std] announced its financial results after the market closed on February 13th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was a reduced loss of 0.52 billion yen (compared to a loss of 0.7 billion yen in the same period last year).

However, the full-year consolidated net income/loss has been revised downward from an expected profit of 0.36 billion yen to a loss of 0.64 billion yen (compared to a loss of 1.5 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 0.79 billion yen to a loss of 0.21 billion yen (compared to a loss of 0.9 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net loss improved to a deficit of 0.09 billion yen (compared to a loss of 0.09 billion yen in the same period last year). The operating profit/loss margin drastically improved from -25.4% in the same period last year to -15.9%.

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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 94 -310 -299 -333 1.0 ー Feb 13, 2023 J-GAAP
Apr - Dec, 2023 584 -356 -380 -379 -1.4 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 1,539 -293 -313 -528 -1.8 ー Feb 13, 2025 J-GAAP
YoY +163.5% +17.7% +17.6% -39.3% -27.3%

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 4,519 606 611 793 2.7 0 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 1,053 -170 -180 -214 -0.7 0 Feb 13, 2025 J-GAAP
Revision Rate -76.7% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 5,510 400 390 360 1.2 0 May 15, 2024 J-GAAP
Mar, 2025 New 2,044 -376 -401 -647 -2.2 0 Feb 13, 2025 J-GAAP
Revision Rate -62.9% － － － －

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 739 -309 -313 -309 -1.2 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,053 -170 -180 -214 -0.7 0 Feb 13, 2025 J-GAAP
YoY +42.5% +45.0% +42.5% +30.7% +37.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 113 -443 -425 -439 1.2 0 May 15, 2023 J-GAAP
Mar, 2024 962 -572 -595 -590 -2.2 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 2,044 -376 -401 -647 -2.2 0 Feb 13, 2025 J-GAAP
YoY +112.5% +34.3% +32.6% -9.7% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 361 -93 -98 -98 -0.4 -25.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 378 -216 -215 -211 -0.8 -57.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 344 -111 -125 -119 -0.4 -32.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 647 -95 -96 -314 -1.1 -14.7 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 548 -87 -92 -95 -0.3 -15.9 Feb 13, 2025 J-GAAP
YoY +51.8% +6.5% +6.1% +3.1% +10.8%

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