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NOVARESE, 52% Increase in Net Income for The Current Fiscal Year

Fri Feb 14, 2025 3:30 pm JST Earnings

9160 NOVARESE,Inc. 【IFRS】

Earnings Report

NOVARESE,Inc. <9160> [TSE Std] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income for the fiscal year ending December 2024 decreased 29.6% from the previous period to 0.66 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 52.0% to 1 billion yen. This will be the fifth consecutive term of revenue growth.

In the most recent three-month period, from October to December (4Q), the consolidated net income decreased to 0.91 billion yen, a 11.1% decrease compared to the same period last year. The operating profit margin decreased from 23.5% in the same period last year to 21.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 18,265 1,539 1,230 942 37.7 0 Feb 14, 2024 IFRS
Dec, 2024 19,299 1,337 975 663 26.6 0 Feb 14, 2025 IFRS
YoY +5.7% -13.1% -20.7% -29.6% -29.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 19,576 1,710 1,361 943 37.7 0 Feb 14, 2024 IFRS
Dec, 2024 Results 19,299 1,337 975 663 26.6 0 Feb 14, 2025 IFRS
Revision Rate -1.4% -21.8% -28.4% -29.7% -29.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 8,471 111 -26 -20 -0.8 0 Aug 14, 2024 IFRS
Jan - Jun, 2025 Guidance 9,224 263 75 50 2.0 0 Feb 14, 2025 IFRS
YoY +8.9% +136.9% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 18,265 1,539 1,230 942 37.7 0 Feb 14, 2024 IFRS
Dec, 2024 19,299 1,337 975 663 26.6 0 Feb 14, 2025 IFRS
Dec, 2025 Guidance 20,505 1,878 1,504 1,008 40.2 0 Feb 14, 2025 IFRS
YoY +6.2% +40.5% +54.3% +52.0% +51.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,107 1,435 1,356 1,033 41.3 23.5 Feb 14, 2024 IFRS
Jan - Mar, 2024 3,696 -333 -394 -259 -10.4 -9.0 May 15, 2024 IFRS
Apr - Jun, 2024 4,775 444 368 239 9.7 9.3 Aug 14, 2024 IFRS
Jul - Sep, 2024 4,079 -207 -358 -235 -9.4 -5.1 Nov 14, 2024 IFRS
Oct - Dec, 2024 6,749 1,433 1,359 918 36.8 21.2 Feb 14, 2025 IFRS
YoY +10.5% -0.1% +0.2% -11.1% -11.0%

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