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Bank of Innovation,Inc., 72% Decrease in Ordinary Profit for the Last Fiscal Year, Current period performance is undisclosed.

Tue Nov 12, 2024 4:00 pm JST Earnings

4393 Bank of Innovation,Inc. 【J-GAAP】

Earnings Report

Bank of Innovation,Inc. <4393> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 significantly dropped by 72.3% from the previous period to 1.36 billion yen. Furthermore, the company did not disclose the performance outlook for the fiscal year ending September 2025.

At the same time, the company has left the annual dividend for the current term undetermined.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit significantly dropped to 6 million yen, a 95.4% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 3.8% in the same period last year to -0.1%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 2,428 -1,008 -1,015 -838 -218.0 0 Nov 14, 2022 J-GAAP
Sep, 2023 21,333 4,900 4,920 3,293 823.1 0 Nov 14, 2023 J-GAAP
Sep, 2024 13,615 1,329 1,362 895 224.6 0 Nov 12, 2024 J-GAAP
YoY -36.2% -72.9% -72.3% -72.8% -72.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 13,650 1,340 1,360 800 201.3 0 Sep 24, 2024 J-GAAP
Sep, 2024 Results 13,615 1,329 1,362 895 224.6 0 Nov 12, 2024 J-GAAP
Revision Rate -0.3% -0.8% +0.1% +11.9% +11.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 7,812 1,237 1,254 819 205.0 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 0 Nov 12, 2024 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 21,333 4,900 4,920 3,293 823.1 0 Nov 14, 2023 J-GAAP
Sep, 2024 13,615 1,329 1,362 895 224.6 0 Nov 12, 2024 J-GAAP
Sep, 2025 Guidance 0 Nov 12, 2024 J-GAAP
YoY

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,419 130 131 0 -0.2 3.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 4,177 582 581 384 96.2 13.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,635 655 673 435 108.9 18.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,965 95 102 32 8.0 3.2 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 2,838 -3 6 44 11.0 -0.1 Nov 12, 2024 J-GAAP
YoY -17.0% -95.4%

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