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BESTERRA CO., LTD., First Half Ordinary Profit Turns to Profit

Mon Sep 9, 2024 4:00 pm JST Earnings

1433 BESTERRA CO., LTD. 【J-GAAP】

Earnings Report

BESTERRA CO., LTD. <1433> [TSE-P] announced its financial results after the market closed on September 9th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending January 2025 (February to July) turned into a 258 million yen (compared to a loss of 9 million yen in the same period last year). However, this progress accounts for 39.7% of the full-year plan of 650 million yen, also falling below the five-year average of 67.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to decrease by 5.8% from the same period last year to 392 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit surged to 8.7 times that of the same period last year, reaching 243 million yen. The operating profit/loss margin drastically improved from -1.5% in the same period last year to 6.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Feb - Jul, 2022 2,533 58 128 59 6.9 ー Sep 9, 2022 J-GAAP
Feb - Jul, 2023 3,328 -61 -9 -28 -3.2 ー Sep 8, 2023 J-GAAP
Feb - Jul, 2024 5,767 211 258 127 14.4 39.7 Sep 9, 2024 J-GAAP
YoY +73.3% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 5,756 211 258 127 14.3 10 Sep 5, 2024 J-GAAP
Feb - Jul, 2024 Results 5,767 211 258 127 14.4 10 Sep 9, 2024 J-GAAP
Revision Rate +0.2% 0.0% 0.0% 0.0% +0.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 6,066 307 416 259 29.2 10 Mar 8, 2024 J-GAAP
Aug - Jan, 2024 Guidance 5,233 289 392 353 39.8 10 Sep 9, 2024 J-GAAP
YoY -13.7% -5.9% -5.8% +36.3% +36.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 5,458 -215 -94 -64 -7.3 20 Mar 10, 2023 J-GAAP
Jan, 2024 9,394 246 407 231 26.1 20 Mar 8, 2024 J-GAAP
Jan, 2025 Guidance 11,000 500 650 480 54.2 20 Sep 5, 2024 J-GAAP
YoY +17.1% +103.3% +59.7% +107.8% +107.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,791 -26 28 3 0.4 -1.5 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 2,534 161 221 129 14.6 6.4 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 3,532 146 195 130 14.7 4.1 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 2,958 17 15 -29 -3.3 0.6 Jun 7, 2024 J-GAAP
May - Jul, 2024 2,809 194 243 156 17.6 6.9 Sep 9, 2024 J-GAAP
YoY +56.8% － +767.9% +5,100.0% +4,940.0%

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