ECONOS, Oct-Dec (3Q) Ordinary Profit Decreases by 36%

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Fri Feb 14, 2025 3:30 pm JST Earnings

3136 ECONOS Co., Ltd. 【J-GAAP】

Earnings Report

ECONOS Co., Ltd. <3136> [SSE Ambs] announced its financial results after the market closed on February 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 151 million yen, a 1.3% decrease compared to the same period last year. The progress rate toward the full-year plan of 168 million yen was 89.9%, below the five-year average of 106.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to drop 48.5% from the same period last year to 17 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit dropped to 37 million yen, a 36.2% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 4.0%.

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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	3,127	157	125	139	105.5	86.8	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	3,317	184	153	104	79.5	82.3	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	3,527	182	151	99	75.3	89.9	Feb 14, 2025	J-GAAP
YoY	+6.3%	-1.1%	-1.3%	-4.8%	-5.3%

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	2,283	112	91	39	29.8	0	Jun 28, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,211	82	54	42	31.9	25	Nov 14, 2024	J-GAAP
YoY	-3.2%	-26.8%	-40.7%	+7.7%	+7.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,192	190	144	171	129.9	0	May 15, 2023	J-GAAP
Mar, 2024	4,466	227	186	103	78.6	0	Jun 28, 2024	J-GAAP
Mar, 2025 Guidance	4,568	217	168	120	91.0	50	Jun 28, 2024	J-GAAP
YoY	+2.3%	-4.4%	-9.7%	+16.5%	+15.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,134	69	58	40	30.6	6.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,149	43	33	-1	-0.8	3.7	Jun 28, 2024	J-GAAP
Apr - Jun, 2024	1,193	69	51	35	26.8	5.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,164	66	63	43	32.8	5.7	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	1,170	47	37	21	16.0	4.0	Feb 14, 2025	J-GAAP
YoY	+3.2%	-31.9%	-36.2%	-47.5%	-47.8%