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SIOS Corporation, The Current Fiscal Year Operating Profit Revised Downward to a Loss

Thu Nov 7, 2024 4:00 pm JST Earnings

3744 SIOS Corporation 【J-GAAP】

Earnings Report

SIOS Corporation <3744> [TSE-S] announced its financial results after the market closed on November 7th (16:00). The consolidated operating loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 86 million yen (compared to a loss of 194 million yen in the same period last year).

However, the full-year consolidated operating profit/loss has been revised downward from an expected profit of 250 million yen to a loss of 70 million yen (compared to a loss of 208 million yen in the previous period), turning to a loss outlook. However, the full-year consolidated net income has been revised upward by 27.3%, from the previous forecast of 220 million yen to 280 million yen (compared to a loss of 18 million yen in the previous period).

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit/loss for the July to December period (second half) has been revised downward from an expected profit of 268 million yen to a loss of 52 million yen (compared to a loss of 102 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the consolidated operating loss improved to a deficit of loss of 68 million yen (compared to a loss of 88 million yen in the same period last year). The operating profit/loss margin improved from -2.4% in the same period last year to -1.7%.

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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 10,686 -468 -419 -566 -65.3 ー Oct 27, 2022 J-GAAP
Jan - Sep, 2023 11,701 -194 -139 -186 -21.5 ー Nov 9, 2023 J-GAAP
Jan - Sep, 2024 15,717 -86 41 -12 -1.5 91.1 Nov 7, 2024 J-GAAP
YoY +34.3% +55.7% － +93.5% +93.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 8,196 268 273 197 22.7 10 Aug 8, 2024 J-GAAP
Jul - Dec, 2024 New 8,196 -52 -12 257 29.7 10 Nov 7, 2024 J-GAAP
Revision Rate 0.0% － － +30.5% +30.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 20,000 250 330 220 25.4 10 Aug 8, 2024 J-GAAP
Dec, 2024 New 20,000 -70 45 280 32.3 10 Nov 7, 2024 J-GAAP
Revision Rate 0.0% － -86.4% +27.3% +27.3%

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 7,823 -102 63 158 19.1 5 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 8,196 -52 -12 257 29.7 10 Nov 7, 2024 J-GAAP
YoY +4.8% +49.0% － +62.7% +54.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 14,420 -572 -499 -639 -73.8 10 Feb 2, 2023 J-GAAP
Dec, 2023 15,889 -208 -15 -18 -2.2 5 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 20,000 -70 45 280 32.3 10 Nov 7, 2024 J-GAAP
YoY +25.9% +66.3% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,635 -88 -61 -10 -1.2 -2.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 4,188 -14 124 168 20.4 -0.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 6,405 18 57 38 4.5 0.3 May 8, 2024 J-GAAP
Apr - Jun, 2024 5,399 -36 0 -15 -1.8 -0.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,913 -68 -16 -35 -4.3 -1.7 Nov 7, 2024 J-GAAP
YoY +7.6% +22.7% +73.8% -250.0% -267.2%

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