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Kaizen Platform, Inc., July-September (3Q) Ordinary Profit Decreases by 69%

Thu Nov 14, 2024 3:30 pm JST Earnings

4170 Kaizen Platform, Inc. 【J-GAAP】

Earnings Report

Kaizen Platform, Inc. <4170> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 21 million yen (compared to a loss of 71 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 74.4% from the same period last year to 21 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 5 million yen, a 68.8% decrease compared to the same period last year. However, the operating profit margin improved from 1.0% in the same period last year to 1.3%.

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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
Jan - Sep, 2022 2,038 -14 -33 -64 -3.9 ー Nov 14, 2022 J-GAAP
Jan - Sep, 2023 3,188 -75 -71 -88 -5.2 ー Nov 13, 2023 J-GAAP
Jan - Sep, 2024 3,385 -30 -21 -51 -3.0 ー Nov 14, 2024 J-GAAP
YoY +6.2% +60.0% +70.4% +42.0% +42.0%

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 2,240 61 98 84 5.2 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,251 55 26 22 1.3 0 Aug 14, 2024 J-GAAP
YoY +0.5% -9.8% -73.5% -73.8% -74.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,667 -102 -127 -285 -17.2 0 Feb 14, 2023 J-GAAP
Dec, 2023 4,343 -25 11 -21 -1.3 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 4,500 10 0 -30 -1.8 0 Feb 14, 2024 J-GAAP
YoY +3.6% － － -42.9% -37.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,085 11 16 17 1.0 1.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,155 50 82 67 4.1 4.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,120 -29 -20 -55 -3.3 -2.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,129 -16 -6 3 0.2 -1.4 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,136 15 5 1 0.1 1.3 Nov 14, 2024 J-GAAP
YoY +4.7% +36.4% -68.8% -94.1% -94.1%

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