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ECOMIC CO.,LTD, First Half Ordinary Profit Loss Widens

Fri Nov 8, 2024 5:00 pm JST Earnings

3802 ECOMIC CO.,LTD 【J-GAAP】

Earnings Report

ECOMIC CO.,LTD <3802> [TSE-S] announced its financial results after the market closed on November 8th (17:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 220 million yen (compared to a loss of 145 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 177 million yen.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 37.2% from the same period last year, reaching 450 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 142 million yen (compared to a loss of 108 million yen in the same period last year). The operating profit/loss margin drastically worsened from -35.1% in the same period last year to -49.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 677 -151 -148 -104 -27.4 ー Nov 7, 2022 J-GAAP
Apr - Sep, 2023 670 -161 -145 -120 -31.5 ー Nov 9, 2023 J-GAAP
Apr - Sep, 2024 616 -230 -220 -174 -37.2 ー Nov 8, 2024 J-GAAP
YoY -8.1% -42.9% -51.7% -45.0% -18.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 669 -180 -177 -127 -27.1 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 616 -230 -220 -174 -37.2 0 Nov 8, 2024 J-GAAP
Revision Rate -7.9% -27.8% -24.3% -37.0% -37.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,486 333 328 247 64.0 12 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,684 455 450 336 71.6 12 Nov 8, 2024 J-GAAP
YoY +13.3% +36.6% +37.2% +36.0% +11.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,216 203 220 170 44.7 8 May 10, 2023 J-GAAP
Mar, 2024 2,156 172 183 127 32.9 12 May 10, 2024 J-GAAP
Mar, 2025 Guidance 2,300 225 230 162 34.5 12 May 10, 2024 J-GAAP
YoY +6.7% +30.8% +25.7% +27.6% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 316 -111 -108 -88 -23.1 -35.1 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,073 338 339 255 66.9 31.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 413 -5 -11 -8 -2.1 -1.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 330 -88 -78 -61 -13.1 -26.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 286 -142 -142 -113 -24.2 -49.7 Nov 8, 2024 J-GAAP
YoY -9.5% -27.9% -31.5% -28.4% -4.7%

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