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Billing System Corporation, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 67%, July-September Ordinary Profit Increases by 29%

Thu Nov 14, 2024 3:30 pm JST Earnings

3623 Billing System Corporation 【J-GAAP】

Earnings Report

Billing System Corporation <3623> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 442 million yen, an increase of 66.8% compared to the same period last year. The progress rate against the 489 million yen full-year plan was 90.4%, also surpassing the five-year average of 61.4%.

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 for the October to December period (4Q) is expected to significant drop by 76.4% from the same period last year to 47 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 29.2% from the same period last year, reaching 137 million yen. The operating profit margin rose from 11.5% in the same period last year to 13.4%.

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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
Jan - Sep, 2022 2,354 328 327 212 33.8 68.1 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 2,744 266 265 156 24.8 57.1 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 3,110 444 442 288 45.9 90.4 Nov 14, 2024 J-GAAP
YoY +13.3% +66.9% +66.8% +84.6% +85.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 1,958 306 305 211 33.6 12 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,875 183 184 104 16.5 12 Aug 14, 2024 J-GAAP
YoY -4.2% -40.2% -39.7% -50.7% -50.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 3,434 481 480 323 51.4 10 Feb 13, 2023 J-GAAP
Dec, 2023 3,782 466 464 300 47.7 12 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 3,955 489 489 303 48.2 12 Feb 14, 2024 J-GAAP
YoY +4.6% +4.9% +5.4% +1.0% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 920 106 106 67 10.7 11.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,038 200 199 144 22.9 19.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 995 144 144 94 15.1 14.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,085 162 161 105 16.7 14.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,030 138 137 89 14.2 13.4 Nov 14, 2024 J-GAAP
YoY +12.0% +30.2% +29.2% +32.8% +33.0%

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