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Estore, The Current Fiscal Year Operating Profit Revised Downward to an Unexpected 5% Decrease

Fri Feb 14, 2025 7:00 pm JST Earnings

4304 Estore Corporation 【J-GAAP】

Earnings Report

Estore Corporation <4304> [TSE Std] announced its financial results after the market closed on February 14th (19:00). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 23.0% from the same period last year to 0.62 billion yen.

In addition, the full-year consolidated operating profit has decreased 14.3%, from the previous forecast of 1.2 billion yen to 1.03 billion yen (compared to 1.08 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 4.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit for the October to March period (2H) has decreased 17.0%, from the previous forecast of 1 billion yen to 0.83 billion yen (compared to 0.85 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 2.1% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit decreased to 0.42 billion yen, a 26.3% decrease compared to the same period last year. The operating profit margin decreased from 13.3% in the same period last year to 11.4%.

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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
Apr - Dec, 2022 6,685 648 395 221 44.1 53.8 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 9,537 806 950 471 93.1 72.1 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 8,898 621 598 401 76.2 59.1 Feb 14, 2025 J-GAAP
YoY -6.7% -23.0% -37.1% -14.9% -18.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 8,180 1,009 ー ー － 0 Dec 26, 2024 J-GAAP
Oct - Mar, 2024 New 6,056 837 892 770 146.2 0 Feb 14, 2025 J-GAAP
Revision Rate -26.0% -17.0% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 13,350 1,206 ー ー － 0 Dec 26, 2024 J-GAAP
Mar, 2025 New 11,226 1,034 1,012 805 152.9 0 Feb 14, 2025 J-GAAP
Revision Rate -15.9% -14.3% － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 7,353 855 984 295 57.7 53 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,056 837 892 770 146.2 0 Feb 14, 2025 J-GAAP
YoY -17.6% -2.1% -9.3% +161.0% +153.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,449 882 734 304 60.6 50 May 15, 2023 J-GAAP
Mar, 2024 12,566 1,086 1,317 462 90.4 53 May 15, 2024 J-GAAP
Mar, 2025 Guidance 11,226 1,034 1,012 805 152.9 0 Feb 14, 2025 J-GAAP
YoY -10.7% -4.8% -23.2% +74.2% +69.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,324 575 617 304 60.1 13.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,029 280 367 -9 -1.8 9.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,452 63 58 24 4.7 2.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,718 134 62 11 2.1 4.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 3,728 424 478 366 69.5 11.4 Feb 14, 2025 J-GAAP
YoY -13.8% -26.3% -22.5% +20.4% +15.8%

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