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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 3,050 284 295 261 1.0 94.2 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 1,202 -679 -704 -702 -2.7 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 1,539 -293 -313 -528 -1.8 ー Feb 13, 2025 J-GAAP
YoY +28.0% +56.8% +55.5% +24.8% +31.3%

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 740 -904 -908 -904 -3.4 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,053 -170 -180 -214 -0.7 0 Feb 13, 2025 J-GAAP
YoY +42.3% +81.2% +80.2% +76.3% +78.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,300 296 313 299 1.2 0 May 15, 2023 J-GAAP
Mar, 2024 1,580 -1,491 -1,514 -1,509 -5.7 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 2,044 -376 -401 -647 -2.2 0 Feb 13, 2025 J-GAAP
YoY +29.4% +74.8% +73.5% +57.1% +61.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 362 -92 -98 -97 -0.4 -25.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 378 -812 -810 -807 -3.0 -214.8 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 +51.4% +5.4% +6.1% +2.1% +10.8%

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