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Appirits Inc., First Half Net Income Turns to Loss, 2Q (May-July) Net Income Turns to Loss

Fri Sep 13, 2024 3:00 pm JST Earnings

4174 Appirits Inc. 【J-GAAP】

Earnings Report

Appirits Inc. <4174> [TSE-S] announced its financial results after the market closed on September 13th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending January 2025 (February to July) turned into a loss of 16 million yen (compared to a profit of 151 million yen in the same period last year).

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 August to January period (second half) is expected to decrease by 25.5% from the same period last year to 175 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated net income/loss turned to a loss of 92 million yen (compared to a profit of 89 million yen in the same period last year). The operating profit/loss margin drastically worsened from 7.2% in the same period last year to -5.3%.

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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
Feb - Jul, 2022 3,131 167 153 92 23.1 34.4 Sep 13, 2022 J-GAAP
Feb - Jul, 2023 4,137 258 257 151 37.0 43.1 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 4,221 13 10 -16 -3.9 3.4 Sep 13, 2024 J-GAAP
YoY +2.0% -95.0% -96.1% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 4,221 13 10 -16 -3.9 8 Sep 9, 2024 J-GAAP
Feb - Jul, 2024 Results 4,221 13 10 -16 -3.9 8 Sep 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -1.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 4,290 341 339 235 57.4 6 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 4,779 288 285 175 44.0 8 Sep 9, 2024 J-GAAP
YoY +11.4% -15.5% -15.9% -25.5% -23.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 7,323 462 445 210 52.2 10 Mar 17, 2023 J-GAAP
Jan, 2024 8,427 599 596 386 94.3 12 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 9,000 301 295 159 40.0 16 Sep 9, 2024 J-GAAP
YoY +6.8% -49.7% -50.5% -58.8% -57.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 2,125 153 152 89 21.8 7.2 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 2,180 191 190 120 29.4 8.8 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 2,110 150 149 115 28.1 7.1 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 2,136 124 123 76 18.5 5.8 Jun 14, 2024 J-GAAP
May - Jul, 2024 2,085 -111 -113 -92 -22.5 -5.3 Sep 13, 2024 J-GAAP
YoY -1.9% － － － －

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