kabutan

CHANGE Holdings, Inc., First Half Net Income Decreases by 33%, July-September Net Income Decreases by 70%

Wed Nov 13, 2024 3:30 pm JST Earnings

3962 CHANGE Holdings, Inc. 【IFRS】

Earnings Report

CHANGE Holdings, Inc. <3962> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.8% from the same period last year to 2.1 billion yen. The progress rate against the 8.06 billion yen full-year plan was 26.1%, also falling below the same period of the previous year of 72.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 5.0 times that of the same period last year, reaching 5.96 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 672 million yen, a 70.5% decrease compared to the same period last year. The operating profit margin sharply declined from 37.9% in the same period last year to 16.7%.

Kabutan News

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 5,937 118 103 163 2.3 1.8 Nov 11, 2022 IFRS
Apr - Sep, 2023 14,657 4,329 4,377 3,131 43.3 60.4 Nov 14, 2023 IFRS
Apr - Sep, 2024 16,512 3,848 3,489 2,104 29.8 27.2 Nov 13, 2024 IFRS
YoY +12.7% -11.1% -20.3% -32.8% -31.1%

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 16,500 2,000 1,905 963 13.8 0 May 15, 2024 IFRS
Apr - Sep, 2024 Results 16,512 3,848 3,489 2,104 29.8 0 Nov 13, 2024 IFRS
Revision Rate +0.1% +92.4% +83.1% +118.5% +115.5%

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 22,358 3,054 2,873 1,131 15.6 18.70 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 28,488 9,152 9,326 5,965 85.7 14.50 Nov 13, 2024 IFRS
YoY +27.4% +199.7% +224.6% +427.4% +448.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,021 5,730 5,653 3,856 53.3 10 May 15, 2023 IFRS
Mar, 2024 37,015 7,383 7,250 4,262 58.9 18.70 May 15, 2024 IFRS
Mar, 2025 Guidance 45,000 13,000 12,815 8,069 116.0 14.50 May 15, 2024 IFRS
YoY +21.6% +76.1% +76.8% +89.3% +96.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,539 3,612 3,241 2,276 31.5 37.9 Nov 14, 2023 IFRS
Oct - Dec, 2023 14,141 5,870 5,817 3,820 52.8 41.5 Feb 14, 2024 IFRS
Jan - Mar, 2024 8,217 -2,816 -2,944 -2,689 -37.2 -34.3 May 15, 2024 IFRS
Apr - Jun, 2024 8,139 2,345 2,177 1,386 19.4 28.8 Aug 14, 2024 IFRS
Jul - Sep, 2024 8,373 1,503 1,312 718 10.2 18.0 Nov 13, 2024 IFRS
YoY -12.2% -58.4% -59.5% -68.5% -67.6%

Related Articles