SHANON Inc., Third Quarter Cumulative (November-July) Net Income Loss Narrows, 3Q (May-July) Net Income Loss Narrows

Thu Sep 12, 2024 5:00 pm JST Earnings

3976 SHANON Inc. 【J-GAAP】

Earnings Report

SHANON Inc. <3976> [TSE-G] announced its financial results after the market closed on September 12th (17:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) was a reduced loss of 136 million yen (compared to a loss of 460 million yen in the same period last year). The company has been in a state of excessive liabilities (86 million yen) for three consecutive quarters.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the August to October period (4Q) is expected to surge by 9.7 times that of the same period last year, reaching 146 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated net loss improved to a deficit of loss of 42 million yen (compared to a loss of 323 million yen in the same period last year). The operating profit/loss margin drastically improved from -28.8% in the same period last year to -5.2%.

Kabutan News

Actual Performance and Financial Trends

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2021	1,716M	-262M	-254M	-256M	-87.3	ー	Sep 12, 2022	J-GAAP
Nov - Jul, 2022	2,037M	-303M	-313M	-460M	-152.3	ー	Sep 11, 2023	J-GAAP
Nov - Jul, 2023	2,275M	-134M	-134M	-136M	-42.8	ー	Sep 12, 2024	J-GAAP
YoY	+11.7%	+55.8%	+57.2%	+70.4%	+71.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	1,484M	-128M	-136M	-308M	-100.8	0	Dec 12, 2023	J-GAAP
Guidance May - Oct, 2024	1,794M	125M	123M	104M	32.7	0	Jun 13, 2024	J-GAAP
YoY	+20.9%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	2,456M	-327M	-325M	-365M	-124.8	0	Dec 12, 2022	J-GAAP
Oct, 2023	2,934M	-262M	-273M	-445M	-145.7	0	Dec 12, 2023	J-GAAP
Guidance Oct, 2024	3,275M	32M	30M	10M	3.1	0	Dec 12, 2023	J-GAAP
YoY	+11.6%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	587M	-169M	-176M	-323M	-107.0	-28.8	Sep 11, 2023	J-GAAP
Aug - Oct, 2023	897M	41M	40M	15M	4.9	4.6	Dec 12, 2023	J-GAAP
Nov - Jan, 2023	630M	-134M	-135M	-136M	-43.0	-21.3	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	851M	41M	42M	42M	13.2	4.8	Jun 13, 2024	J-GAAP
May - Jul, 2024	794M	-41M	-41M	-42M	-13.2	-5.2	Sep 12, 2024	J-GAAP
YoY	+35.3%	+75.7%	+76.7%	+87.0%	+87.6%