BeeX Inc., First Half Ordinary Profit Increases by 20%, June-Augus Ordinary Profit Increases by 6%

Tue Oct 15, 2024 3:00 pm JST Earnings

4270 BeeX Inc. 【J-GAAP】

Earnings Report

BeeX Inc. <4270> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 20.0% from the same period last year, reaching 396 million yen. The progress rate against the 648 million yen full-year plan was 61.1%, also surpassing the progress rate of 53.7% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to decrease by 11.6% from the same period last year to 252 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit grew by 5.6% from the same period last year, reaching 188 million yen. However, the operating profit margin worsened from 8.7% in the same period last year to 8.0%.

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Actual Performance and Financial Trends

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	2,633M	232M	229M	157M	71.2	56.0%	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	3,586M	319M	330M	227M	102.3	53.7%	Oct 16, 2023	J-GAAP
Mar - Aug, 2024	4,478M	387M	396M	275M	123.8	61.1%	Oct 15, 2024	J-GAAP
YoY	+24.9%	+21.3%	+20.0%	+21.1%	+21.0%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	ー	0	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	4,478M	387M	396M	275M	123.8	0	Oct 15, 2024	J-GAAP
Revision Rate	ー	ー	ー	ー	ー

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	4,114M	280M	285M	213M	96.0	0	Apr 12, 2024	J-GAAP
Guidance Sep - Feb, 2024	4,992M	263M	252M	193M	86.9	0	Oct 15, 2024	J-GAAP
YoY	+21.3%	-6.1%	-11.6%	-9.4%	-9.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,759M	403M	409M	299M	135.0	0	Apr 14, 2023	J-GAAP
Feb, 2024	7,700M	599M	615M	440M	198.4	0	Apr 12, 2024	J-GAAP
Guidance Feb, 2025	9,470M	650M	648M	468M	210.7	0	Apr 12, 2024	J-GAAP
YoY	+23.0%	+8.5%	+5.4%	+6.4%	+6.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,909M	167M	178M	123M	55.4	8.7%	Oct 16, 2023	J-GAAP
Sep - Nov, 2023	2,038M	162M	162M	111M	50.1	7.9%	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	2,076M	118M	123M	102M	46.0	5.7%	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,251M	208M	208M	142M	64.1	9.2%	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,227M	179M	188M	133M	59.9	8.0%	Oct 15, 2024	J-GAAP
YoY	+16.7%	+7.2%	+5.6%	+8.1%	+8.0%