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ARTGREEN. CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 46%

Fri Sep 13, 2024 10:00 am JST Earnings

3419 ARTGREEN. CO.,LTD. 【J-GAAP】

Earnings Report

ARTGREEN. CO.,LTD. <3419> [NSE-N] announced its financial results in the morning on September 13th (10:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to 54 million yen, an increase of 45.9% compared to the same period last year. This progress accounts for 81.8% of the full-year plan of 66 million yen, it was below the five-year average of 150.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the August to October period (4Q) is expected to turn into a profit of 12 million yen (compared to a loss of 24 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit surged to 8.5 times that of the same period last year, reaching 17 million yen. The operating profit margin improved from 0.3% in the same period last year to 3.1%.

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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
Nov - Jul, 2021 1,744 60 66 39 34.4 97.1 Sep 9, 2022 J-GAAP
Nov - Jul, 2022 1,886 40 37 19 17.2 284.6 Sep 13, 2023 J-GAAP
Nov - Jul, 2023 1,931 56 54 30 25.9 81.8 Sep 13, 2024 J-GAAP
YoY +2.4% +40.0% +45.9% +57.9% +50.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 1,245 -23 -22 -20 0.1 0 Dec 14, 2023 J-GAAP
May - Oct, 2024 Guidance 1,316 32 29 17 14.5 0 Jun 12, 2024 J-GAAP
YoY +5.7% － － － +28,940.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 2,295 58 68 40 35.6 0 Dec 13, 2022 J-GAAP
Oct, 2023 2,484 15 13 0 0.1 0 Dec 14, 2023 J-GAAP
Oct, 2024 Guidance 2,605 68 66 34 29.0 0 Jun 12, 2024 J-GAAP
YoY +4.9% +353.3% +407.7% － +57,960.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 647 2 2 -1 -0.9 0.3 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 598 -25 -24 -19 -17.2 -4.2 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 583 6 6 3 2.7 1.0 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 706 30 31 14 12.1 4.2 Jun 12, 2024 J-GAAP
May - Jul, 2024 642 20 17 13 11.2 3.1 Sep 13, 2024 J-GAAP
YoY -0.8% +900.0% +750.0% － －

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