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AI CROSS Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 45%, Exceeds Full-Year Plan

Thu Nov 14, 2024 3:30 pm JST Earnings

4476 AI CROSS Inc. 【J-GAAP】

Earnings Report

AI CROSS Inc. <4476> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 345 million yen, an increase of 45.0% compared to the same period last year. The progress rate against the full-year plan of 295 million yen is 116.9%, already exceeding the target and also exceeding the five-year average of 76.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 50 million yen (compared to a profit of 53 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 42.6% from the same period last year, reaching 134 million yen. The operating profit margin rose from 11.0% in the same period last year to 13.9%.

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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
Jan - Sep, 2022 2,457 146 141 86 22.0 64.7 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 2,453 238 238 120 30.5 81.8 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 2,721 347 345 192 51.1 116.9 Nov 14, 2024 J-GAAP
YoY +10.9% +45.8% +45.0% +60.0% +67.6%

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%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 800 88 94 58 14.7 11.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 801 54 53 36 9.1 6.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 885 118 116 72 19.2 13.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 888 97 95 53 14.1 10.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 948 132 134 67 17.8 13.9 Nov 14, 2024 J-GAAP
YoY +18.5% +50.0% +42.6% +15.5% +21.0%

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