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Forside, Last Fiscal Year's Ordinary Profit Unexpectedly Increases, 3.3 times Increase in Ordinary Profit for The Current Fiscal Year

Thu Feb 13, 2025 3:45 pm JST Earnings

2330 Forside Co.,Ltd. 【J-GAAP】

Earnings Report

Forside Co.,Ltd. <2330> [TSE Std] announced its financial results after the market closed on February 13th (15:45). The consolidated ordinary profit for the fiscal year ending December 2024 increased 6.8% from the previous period to 47 million yen exceeding the previous forecast of 26 million yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. In the fiscal year ending December 2025, the profit is expected to surge 3.3 times the previous term, reaching 153 million yen.

At the same time, the company has decided to forego the previously undecided year-end lump-sum dividend, and has left the annual dividend for the current term undetermined.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit/loss turned to a profit of 40 million yen (compared to a loss of 6 million yen in the same period last year). The operating profit/loss margin improved from -0.3% in the same period last year to 2.7%.

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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 4,988 -75 -74 -107 -3.3 0 Feb 13, 2023 J-GAAP
Dec, 2023 4,817 52 44 113 3.3 0 Feb 13, 2024 J-GAAP
Dec, 2024 5,340 50 47 64 1.6 0 Feb 13, 2025 J-GAAP
YoY +10.9% -3.8% +6.8% -43.4% -50.8%

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 5,079 28 26 44 1.0 － Nov 13, 2024 J-GAAP
Dec, 2024 Results 5,340 50 47 64 1.6 0 Feb 13, 2025 J-GAAP
Revision Rate +5.1% +78.6% +80.8% +45.5% +58.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 2,196 -68 -60 -75 -2.0 0 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 Guidance ー ー ー ー － － Feb 13, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 4,817 52 44 113 3.3 0 Feb 13, 2024 J-GAAP
Dec, 2024 5,340 50 47 64 1.6 0 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 5,535 143 153 118 2.7 － Feb 13, 2025 J-GAAP
YoY +3.7% +186.0% +225.5% +84.4% +66.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,247 -4 -6 65 1.9 -0.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 989 -28 -24 -38 -1.0 -2.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,207 -40 -36 -37 -1.0 -3.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,463 73 67 50 1.3 5.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,681 45 40 89 2.3 2.7 Feb 13, 2025 J-GAAP
YoY +34.8% － － +36.9% +19.5%

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