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FreeBit, Aug-Oct (2Q) Ordinary Profit Increases by 17%

Fri Dec 13, 2024 4:20 pm JST Earnings

3843 FreeBit Co., Ltd. 【J-GAAP】

Earnings Report

FreeBit Co., Ltd. <3843> [TSE Prime] announced its financial results after the market closed on December 13th (16:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) was 3.07 billion yen, a 2.1% increase compared to the same period last year. The progress rate toward the full-year plan of 5.5 billion yen was 55.9%, also surpassing the five-year average of 52.5%.

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 November to April period (second half) is expected to decrease 11.6% from the same period last year to 2.42 billion yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit grew 16.8% from the same period last year, reaching 1.62 billion yen. The operating profit margin rose from 10.8% in the same period last year to 11.7%.

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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
May - Oct, 2022 22,581 1,962 1,805 843 44.9 48.7 Dec 9, 2022 J-GAAP
May - Oct, 2023 27,073 3,071 3,014 1,980 99.2 52.4 Dec 8, 2023 J-GAAP
May - Oct, 2024 26,622 3,024 3,076 1,768 88.2 55.9 Dec 13, 2024 J-GAAP
YoY -1.7% -1.5% +2.1% -10.7% -11.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Guidance ー ー ー ー － 0 Jul 24, 2024 J-GAAP
May - Oct, 2024 Results 26,622 3,024 3,076 1,768 88.2 0 Dec 13, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 25,964 2,816 2,742 1,586 79.4 27 Jun 14, 2024 J-GAAP
Nov - Apr, 2024 Guidance 27,378 2,676 2,424 1,232 56.6 30 Dec 13, 2024 J-GAAP
YoY +5.4% -5.0% -11.6% -22.3% -28.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 46,771 4,007 3,707 1,792 95.1 8 Jun 9, 2023 J-GAAP
Apr, 2024 53,037 5,887 5,756 3,566 178.6 27 Jun 14, 2024 J-GAAP
Apr, 2025 Guidance 54,000 5,700 5,500 3,000 137.7 30 Jul 24, 2024 J-GAAP
YoY +1.8% -3.2% -4.4% -15.9% -22.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 13,033 1,407 1,391 1,117 56.0 10.8 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 12,919 1,599 1,578 888 44.5 12.4 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 13,045 1,217 1,164 698 35.0 9.3 Jun 14, 2024 J-GAAP
May - Jul, 2024 13,291 1,462 1,451 813 40.8 11.0 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 13,331 1,562 1,625 955 47.6 11.7 Dec 13, 2024 J-GAAP
YoY +2.3% +11.0% +16.8% -14.5% -14.9%

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