SHIFT, Sep-Nov (1Q) Ordinary Profit Increases by 76%

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Tue Jan 14, 2025 3:30 pm JST Earnings

3697 SHIFT Inc. 【J-GAAP】

Earnings Report

SHIFT Inc. <3697> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending August 2025 (September to November) expanded 3.31 billion yen, an increase 76.0% compared to the same period last year. However, the progress rate toward the full-year plan of 13.5 billion yen was 24.5%, almost the same as the five-year average of 20.6%.

In the most recent three-month period, from September to November (1Q), the operating profit margin significantly improved from 7.2% in the same period last year to 11.7%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Sep - Nov, 2022	19,354	1,808	2,008	1,233	4.7	37.1	Jan 12, 2023	J-GAAP
Sep - Nov, 2023	25,073	1,813	1,882	1,093	4.2	39.0	Jan 12, 2024	J-GAAP
Sep - Nov, 2024	30,174	3,517	3,313	1,976	7.5	ー	Jan 14, 2025	J-GAAP
YoY	+20.3%	+94.0%	+76.0%	+80.8%	+80.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	52,305	4,683	4,831	2,982	11.3	0	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	ー	ー	ー	ー	－	0	Oct 10, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	88,030	11,565	12,000	6,245	23.6	0	Oct 12, 2023	J-GAAP
Aug, 2024	110,627	10,537	10,753	5,127	19.4	0	Oct 10, 2024	J-GAAP
Aug, 2025 Guidance	130,000	13,500	13,500	7,900	30.0	0	Oct 10, 2024	J-GAAP
YoY	+17.5%	+28.1%	+25.5%	+54.1%	+54.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	25,073	1,813	1,882	1,093	4.2	7.2	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	27,232	2,870	2,949	1,889	7.2	10.5	Apr 11, 2024	J-GAAP
Mar - May, 2024	28,838	2,372	2,424	333	1.3	8.2	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	29,484	3,482	3,498	1,812	6.9	11.8	Oct 10, 2024	J-GAAP
Sep - Nov, 2024	30,174	3,517	3,313	1,976	7.5	11.7	Jan 14, 2025	J-GAAP
YoY	+20.3%	+94.0%	+76.0%	+80.8%	+80.7%