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f-code, 42% Increase in Net Income, Update Record High for Third Consecutive Term

Fri Feb 14, 2025 5:30 pm JST Earnings

9211 f-code Inc. 【J-GAAP】

Earnings Report

f-code Inc. <9211> [TSE Growth] announced its financial results (based on IFRS) after the market closed on February 14th (17:30). The consolidated net income for the fiscal year ending December 2024 increased 88.9% from the previous period to 0.9 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 42.0% to 1.28 billion yen, marking the third consecutive term of record-high profits.

In the most recent three-month period, from October to December (4Q), the consolidated net income increased 57.6% from the same period last year, reaching 0.31 billion yen. However, the operating profit margin decreased from 25.4% in the same period last year to 20.3%.

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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, 2022 1,071 131 123 69 8.4 0 Feb 14, 2023 IFRS
Dec, 2023 2,482 644 604 479 46.5 0 Feb 14, 2024 IFRS
Dec, 2024 5,130 1,432 1,322 905 77.9 0 Feb 14, 2025 IFRS
YoY +106.7% +122.4% +118.9% +88.9% +67.7%

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 5,130 1,432 1,322 905 77.9 0 Feb 13, 2025 IFRS
Dec, 2024 Results 5,130 1,432 1,322 905 77.9 0 Feb 14, 2025 IFRS
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 2,037 643 595 372 33.6 0 Aug 14, 2024 IFRS
Jan - Jun, 2025 Guidance ー ー ー ー － 0 Feb 14, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,482 644 604 479 46.5 0 Feb 14, 2024 IFRS
Dec, 2024 5,130 1,432 1,322 905 77.9 0 Feb 14, 2025 IFRS
Dec, 2025 Guidance 10,000 2,200 2,033 1,285 105.3 0 Feb 14, 2025 IFRS
YoY +94.9% +53.6% +53.8% +42.0% +35.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 902 229 214 198 19.2 25.4 Feb 14, 2024 IFRS
Jan - Mar, 2024 1,035 316 295 182 17.3 30.5 May 15, 2024 IFRS
Apr - Jun, 2024 1,002 327 300 190 17.2 32.6 Aug 14, 2024 IFRS
Jul - Sep, 2024 1,040 373 344 221 19.3 35.9 Nov 14, 2024 IFRS
Oct - Dec, 2024 2,053 416 383 312 26.9 20.3 Feb 14, 2025 IFRS
YoY +127.6% +81.7% +79.0% +57.6% +39.9%

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