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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 Results

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 2,633 232 229 157 71.2 56.0 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 3,586 319 330 227 102.3 53.7 Oct 16, 2023 J-GAAP
Mar - Aug, 2024 4,478 387 396 275 123.8 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 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 4,478 387 396 275 123.8 0 Oct 15, 2024 J-GAAP
Revision Rate

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 4,114 280 285 213 96.0 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,992 263 252 193 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 5,759 403 409 299 135.0 0 Apr 14, 2023 J-GAAP
Feb, 2024 7,700 599 615 440 198.4 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 9,470 650 648 468 210.7 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 1,909 167 178 123 55.4 8.7 Oct 16, 2023 J-GAAP
Sep - Nov, 2023 2,038 162 162 111 50.1 7.9 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 2,076 118 123 102 46.0 5.7 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,251 208 208 142 64.1 9.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,227 179 188 133 59.9 8.0 Oct 15, 2024 J-GAAP
YoY +16.7% +7.2% +5.6% +8.1% +8.0%

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