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SOFTMAX CO.,LTD, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 5%

Mon Nov 11, 2024 3:30 pm JST Earnings

3671 SOFTMAX CO.,LTD 【J-GAAP】

Earnings Report

SOFTMAX CO.,LTD <3671> [TSE-G] announced its financial results after the market closed on November 11th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 5.1% from the same period last year, reaching 286 million yen. However, The progress rate against the 700 million yen full-year plan was 40.9%, also falling below the five-year average of 49.8%.

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 October to December period (4Q) is expected to grow by 16.9% from the same period last year, reaching 414 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit amounted to 82 million yen, remained almost flat compared to the same period last year. The operating profit margin remained almost flat, changing from 6.2% in the same period last year to 6.5%.

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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 3,025 187 221 143 6.0 37.3 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 3,223 237 272 180 7.6 43.5 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 3,416 253 286 195 8.2 40.9 Nov 11, 2024 J-GAAP
YoY +6.0% +6.8% +5.1% +8.3% +8.1%

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 3,175 415 436 326 13.6 7.50 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,270 475 496 323 13.5 7.50 Aug 9, 2024 J-GAAP
YoY +3.0% +14.5% +13.8% -0.9% -1.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,050 547 592 419 17.5 7.50 Feb 13, 2023 J-GAAP
Dec, 2023 5,260 581 626 452 18.9 7.50 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 5,600 657 700 462 19.3 7.50 Feb 13, 2024 J-GAAP
YoY +6.5% +13.1% +11.8% +2.2% +2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,138 71 82 54 2.3 6.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,037 344 354 272 11.4 16.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 901 5 17 10 0.4 0.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,429 177 187 129 5.4 12.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,086 71 82 56 2.3 6.5 Nov 11, 2024 J-GAAP
YoY -4.6% 0.0% 0.0% +3.7% +3.5%

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