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Enigmo, Aug-Oct (3Q) Ordinary Profit Decreases by 71%, The Undetermined Dividend Set at 10 yen

Fri Dec 13, 2024 3:30 pm JST Earnings

3665 Enigmo Inc. 【J-GAAP】

Earnings Report

Enigmo Inc. <3665> [TSE Prime] announced its financial results after the market closed on December 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending January 2025 (February to October) significantly dropped 54.1% from the previous period non-consolidated to 229 million yen. The progress rate toward the full-year plan of 535 million yen was 42.8%, also falling below the five-year average of 63.0%.

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 November to January period (4Q) is expected to drop 41.2% from the previous period non-consolidated to 306 million yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 10 yen for the current fiscal year, which was previously undecided (compared to 10 yen in the prior term).

In the most recent three-month period, from August to October (3Q), the consolidated ordinary profit significantly dropped to 30 million yen, a 70.6% decrease compared to the same period last year. The operating profit margin worsened from 7.3% in the same period last year to 4.4%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

Kabutan News

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 4,740 824 836 590 14.4 73.1 Dec 14, 2022 J-GAAP
Feb - Oct, 2023 4,337 486 499 344 8.7 49.0 Dec 14, 2023 J-GAAP
Feb - Oct, 2024 3,916 289 229 146 3.7 42.8 Dec 13, 2024 J-GAAP
YoY -9.7% -40.5% -54.1% -57.6% -57.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Prev 3,141 309 336 203 5.1 － Sep 13, 2024 J-GAAP
Aug - Jan, 2024 New 3,141 309 336 203 5.1 10 Dec 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev 5,707 538 535 334 8.4 － Sep 13, 2024 J-GAAP
Jan, 2025 New 5,707 538 535 334 8.4 10 Dec 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 3,189 610 622 563 14.2 10 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 Guidance 3,141 309 336 203 5.1 10 Dec 13, 2024 J-GAAP
YoY -1.5% -49.3% -46.0% -63.9% -63.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 6,868 1,136 1,143 712 17.5 10 Mar 16, 2023 J-GAAP
Jan, 2024 6,203 999 1,019 838 21.1 10 Mar 14, 2024 J-GAAP
Jan, 2025 Guidance 5,707 538 535 334 8.4 10 Dec 13, 2024 J-GAAP
YoY -8.0% -46.1% -47.5% -60.1% -60.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 1,323 97 102 69 1.7 7.3 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 1,866 513 520 494 12.5 27.5 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 1,324 145 143 99 2.5 11.0 Jun 14, 2024 J-GAAP
May - Jul, 2024 1,242 84 56 32 0.8 6.8 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 1,350 60 30 15 0.4 4.4 Dec 13, 2024 J-GAAP
YoY +2.0% -38.1% -70.6% -78.3% -78.2%

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