Estore, The Current Fiscal Year Operating Profit Revised Downward to an Unexpected 5% Decrease

Estore Corporation <4304> [TSE Std] announced its financial results after the market closed on February 14th (19:00). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 23.0% from the same period last year to 0.62 billion yen.

In addition, the full-year consolidated operating profit has decreased 14.3%, from the previous forecast of 1.2 billion yen to 1.03 billion yen (compared to 1.08 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 4.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit for the October to March period (2H) has decreased 17.0%, from the previous forecast of 1 billion yen to 0.83 billion yen (compared to 0.85 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 2.1% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit decreased to 0.42 billion yen, a 26.3% decrease compared to the same period last year. The operating profit margin decreased from 13.3% in the same period last year to 11.4%.

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