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

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Fri Feb 14, 2025 7:00 pm JST Earnings

4304 Estore Corporation 【J-GAAP】

Earnings Report

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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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	6,685	648	395	221	44.1	53.8	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	9,537	806	950	471	93.1	72.1	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	8,898	621	598	401	76.2	59.1	Feb 14, 2025	J-GAAP
YoY	-6.7%	-23.0%	-37.1%	-14.9%	-18.1%

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	8,180	1,009	ー	ー	－	0	Dec 26, 2024	J-GAAP
Oct - Mar, 2024 New	6,056	837	892	770	146.2	0	Feb 14, 2025	J-GAAP
Revision Rate	-26.0%	-17.0%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	13,350	1,206	ー	ー	－	0	Dec 26, 2024	J-GAAP
Mar, 2025 New	11,226	1,034	1,012	805	152.9	0	Feb 14, 2025	J-GAAP
Revision Rate	-15.9%	-14.3%	－	－	－

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	7,353	855	984	295	57.7	53	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,056	837	892	770	146.2	0	Feb 14, 2025	J-GAAP
YoY	-17.6%	-2.1%	-9.3%	+161.0%	+153.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,449	882	734	304	60.6	50	May 15, 2023	J-GAAP
Mar, 2024	12,566	1,086	1,317	462	90.4	53	May 15, 2024	J-GAAP
Mar, 2025 Guidance	11,226	1,034	1,012	805	152.9	0	Feb 14, 2025	J-GAAP
YoY	-10.7%	-4.8%	-23.2%	+74.2%	+69.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	4,324	575	617	304	60.1	13.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	3,029	280	367	-9	-1.8	9.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,452	63	58	24	4.7	2.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,718	134	62	11	2.1	4.9	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	3,728	424	478	366	69.5	11.4	Feb 14, 2025	J-GAAP
YoY	-13.8%	-26.3%	-22.5%	+20.4%	+15.8%