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STORAGE-OH, Feb-Oct (Third Quarter Cumulative) Ordinary Profit Loss Widens, Aug-Oct Ordinary Profit Loss Widens

Fri Dec 13, 2024 3:30 pm JST Earnings

2997 STORAGE-OH Co.,Ltd. 【J-GAAP】

Earnings Report

STORAGE-OH Co.,Ltd. <2997> [TSE Growth] announced its financial results after the market closed on December 13th (15:30). The ordinary loss (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) expanded to a loss of 179 million yen (compared to a loss of 161 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the November to January period (4Q) is expected to grow 10.4% from the same period last year, reaching 351 million yen.

In the most recent three-month period, from August to October (3Q), the ordinary loss expanded to a loss of 74 million yen (compared to a loss of 54 million yen in the same period last year). The operating profit/loss margin drastically worsened from -25.8% in the same period last year to -29.9%.

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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
Feb - Oct, 2022 473 -169 -172 -170 -97.8 ー Dec 14, 2022 J-GAAP
Feb - Oct, 2023 658 -166 -161 -152 -82.7 ー Dec 15, 2023 J-GAAP
Feb - Oct, 2024 801 -180 -179 -169 -92.0 ー Dec 13, 2024 J-GAAP
YoY +21.7% -8.4% -11.2% -11.2% -11.3%

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 2,884 261 264 211 115.2 0 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 3,240 278 277 244 132.1 0 Aug 19, 2024 J-GAAP
YoY +12.3% +6.5% +4.9% +15.6% +14.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 3,065 153 148 102 58.2 0 Mar 16, 2023 J-GAAP
Jan, 2024 3,325 151 157 109 59.5 0 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 3,800 170 172 130 70.4 0 Mar 15, 2024 J-GAAP
YoY +14.3% +12.6% +9.6% +19.3% +18.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 217 -56 -54 -50 -27.2 -25.8 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 2,667 317 318 261 142.5 11.9 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 245 -68 -63 -62 -33.9 -27.8 Jun 13, 2024 J-GAAP
May - Jul, 2024 315 -40 -42 -52 -28.3 -12.7 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 241 -72 -74 -55 -29.9 -29.9 Dec 13, 2024 J-GAAP
YoY +11.1% -28.6% -37.0% -10.0% -10.1%

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