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AI CROSS Inc., The Current Fiscal Year Revenue Revised Upward to an Unexpected 0.2% Increase

Thu Sep 12, 2024 3:00 pm JST Revision

4476 AI CROSS Inc. 【J-GAAP】

Guidance Update Report

AI CROSS Inc. <4476> [TSE-G] announced a performance revision after the market closed on September 12th (15:00). The consolidated revenue for the fiscal year ending December 2024 has been revised upward by 15.2%, from the previous forecast of 2.83 billion yen to 3.26 billion yen (compared to 3.25 billion yen in the previous period), turning to a 0.2% increase in the consolidated revenue outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated revenue has been revised upward by 40.5%, from the previous forecast of 1.05 billion yen to 1.48 billion yen (compared to 1.6 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 33.9% to 7.1%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 1,058 85 84 50 13.3 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 1,487 85 84 50 13.3 0 Sep 12, 2024 J-GAAP
Revision Rate +40.5% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 2,831 300 295 175 46.6 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 3,260 300 295 175 46.6 0 Sep 12, 2024 J-GAAP
Revision Rate +15.2% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 1,601 142 147 94 23.8 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,487 85 84 50 13.3 0 Sep 12, 2024 J-GAAP
YoY -7.1% -40.1% -42.9% -46.8% -44.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 3,305 223 218 95 24.1 0 Feb 14, 2023 J-GAAP
Dec, 2023 3,254 292 291 156 39.5 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 3,260 300 295 175 46.6 0 Sep 12, 2024 J-GAAP
YoY +0.2% +2.7% +1.4% +12.2% +17.9%

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