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Appirits, Feb-Oct (Third Quarter Cumulative) Net Income Turns to Loss, Aug-Oct Net Income Turns to Loss

Fri Dec 13, 2024 3:30 pm JST Earnings

4174 Appirits Inc. 【J-GAAP】

Earnings Report

Appirits Inc. <4174> [TSE Std] announced its financial results after the market closed on December 13th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending January 2025 (February to October) turned into a loss of 57 million yen (compared to a profit of 271 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 net income for the November to January period (4Q) is expected to expand 87.8% from the same period last year, reaching 216 million yen.

In the most recent three-month period, from August to October (3Q), the consolidated net income/loss turned to a loss of 41 million yen (compared to a profit of 120 million yen in the same period last year). The operating profit margin drastically worsened from 8.8% in the same period last year to 0.4%.

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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
Feb - Oct, 2022 5,263 301 287 171 42.6 64.5 Dec 15, 2022 J-GAAP
Feb - Oct, 2023 6,317 449 447 271 66.4 75.0 Dec 15, 2023 J-GAAP
Feb - Oct, 2024 6,454 23 19 -57 -13.8 6.4 Dec 13, 2024 J-GAAP
YoY +2.2% -94.9% -95.7% － －

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
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
Aug - Oct, 2024 2,233 10 9 -41 -9.9 0.4 Dec 13, 2024 J-GAAP
YoY +2.4% -94.8% -95.3% － －

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