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CHANGE Holdings, Oct-Dec (3Q) Net Income Increases by 61%

Thu Feb 13, 2025 3:30 pm JST Earnings

3962 CHANGE Holdings, Inc. 【IFRS】

Earnings Report

CHANGE Holdings, Inc. <3962> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 18.8% from the same period last year, reaching 8.26 billion yen. The progress rate toward the full-year plan of 8.06 billion yen is 102.4%, but it was lower than the same period of the previous year of 160.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the January to March period (4Q) is expected to further decrease loss of 0.19 billion yen (compared to a loss of 2.62 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 61.2% from the same period last year, reaching 6.15 billion yen. The operating profit margin rose from 41.5% in the same period last year to 50.3%.

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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
Apr - Dec, 2022 15,519 5,188 5,126 3,609 49.9 90.7 Feb 14, 2023 IFRS
Apr - Dec, 2023 28,798 10,199 10,194 6,951 96.1 140.6 Feb 14, 2024 IFRS
Apr - Dec, 2024 34,937 13,121 12,589 8,260 117.6 98.2 Feb 13, 2025 IFRS
YoY +21.3% +28.6% +23.5% +18.8% +22.4%

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 9,187 9,362 5,993 86.1 14.50 Nov 13, 2024 IFRS
YoY +27.4% +200.8% +225.9% +429.9% +451.1%

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
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 1,468 1,276 690 9.8 17.5 Nov 13, 2024 IFRS
Oct - Dec, 2024 18,425 9,308 9,136 6,184 88.1 50.5 Feb 13, 2025 IFRS
YoY +30.3% +58.6% +57.1% +61.9% +66.8%

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