RECOMM CO.,LTD., Last Fiscal Year Net Income Revised Downward by 72%

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Tue Nov 12, 2024 9:00 am JST Revision

3323 RECOMM CO.,LTD. 【IFRS】

Guidance Update Report

RECOMM CO.,LTD. <3323> [TSE-S] announced a performance revision in the morning on November 12th (09:00). The consolidated net income for the fiscal year ending September 2024 has downwardly by 72.0%, from the previous forecast of 300 million yen to 84 million yen (compared to 314 million yen in the previous period), leading to an increase in the profit decline rate from 4.5% to 73.2%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated net income/loss has been revised downward from an expected profit of 172 million yen to a loss of 44 million yen (compared to a profit of 238 million yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	6,499	282	248	172	2.1	1.60	Aug 9, 2024	IFRS
Apr - Sep, 2024 New	6,186	91	ー	-44	-0.5	1.60	Nov 12, 2024	IFRS
Revision Rate	-4.8%	-67.7%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	12,000	460	460	300	3.7	1.60	Aug 9, 2024	IFRS
Sep, 2024 New	11,687	269	ー	84	1.0	1.60	Nov 12, 2024	IFRS
Revision Rate	-2.6%	-41.5%	－	-72.0%	-72.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	4,936	314	357	238	2.9	1.60	Nov 14, 2023	IFRS
Apr - Sep, 2024 Guidance	6,186	91	ー	-44	-0.5	1.60	Nov 12, 2024	IFRS
YoY	+25.3%	-71.0%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	8,920	413	457	351	4.3	1	Nov 14, 2022	IFRS
Sep, 2023	9,510	450	490	314	3.9	1.60	Nov 14, 2023	IFRS
Sep, 2024 Guidance	11,687	269	ー	84	1.0	1.60	Nov 12, 2024	IFRS
YoY	+22.9%	-40.2%	－	-73.2%	-73.4%