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Yappli,Inc., The Current Fiscal Year Net Income Revised Upward by 65%

Tue Nov 12, 2024 3:30 pm JST Earnings

4168 Yappli,Inc. 【J-GAAP】

Earnings Report

Yappli,Inc. <4168> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The net income/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 652 million yen (compared to a loss of 495 million yen in the same period last year).

In addition, the full-year net income has been revised upward by 65.5%, from the previous forecast of 423 million yen to 700 million yen (compared to a loss of 74 million yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the net income for the July to December period (second half) has been revised upward from an expected loss of 22 million yen to a profit of 255 million yen (compared to a loss of 126 million yen in the same period of the previous year), turning to a profit.

In the most recent three-month period, from July to September (3Q), the net income/loss turned to a profit of profit of 207 million yen (compared to a loss of 547 million yen in the same period last year). The operating profit margin drastically improved from 5.9% in the same period last year to 14.6%.

Note: In cases where performance forecasts are disclosed within a range, the article is created based on the midpoint of the range.

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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
Jan - Sep, 2022 3,011 -700 -702 -709 -56.5 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 3,591 172 164 -495 -39.1 64.6 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 4,084 480 477 652 50.4 88.3 Nov 12, 2024 J-GAAP
YoY +13.7% +179.1% +190.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 2,961 231 222 -22 -1.7 0 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 New 2,961 281 271 255 19.7 0 Nov 12, 2024 J-GAAP
Revision Rate 0.0% +21.6% +22.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 5,603 500 491 423 32.6 0 Feb 13, 2024 J-GAAP
Dec, 2024 New 5,603 550 540 700 54.0 0 Nov 12, 2024 J-GAAP
Revision Rate 0.0% +10.0% +10.0% +65.5% +65.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,519 165 162 -126 -9.9 0 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,961 281 271 255 19.7 0 Nov 12, 2024 J-GAAP
YoY +17.5% +70.3% +67.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,142 -818 -824 -941 -74.9 0 Feb 13, 2023 J-GAAP
Dec, 2023 4,864 264 254 -74 -5.8 0 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 5,603 550 540 700 54.0 0 Nov 12, 2024 J-GAAP
YoY +15.2% +108.3% +112.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,246 73 72 -547 -43.3 5.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,273 92 90 421 33.2 7.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,341 182 183 360 27.8 13.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,301 87 86 85 6.6 6.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,442 211 208 207 16.0 14.6 Nov 12, 2024 J-GAAP
YoY +15.7% +189.0% +188.9%

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