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AI CROSS, Last Fiscal Year Ordinary Profit Revised Upward by 8%, Raises Record High Profit Forecast

Wed Jan 22, 2025 12:00 pm JST Revision

4476 AI CROSS Inc. 【J-GAAP】

Guidance Update Report

AI CROSS Inc. <4476> [TSE Growth] announced a performance revision at noon (12:00) on January 22nd. The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward 8.5%, from the previous forecast of 295 million yen to 320 million yen (compared to 291 million yen in the previous period), increasing the growth rate from 1.4% to 10.0%, further surpassing the previous forecast of record-high profits for two consecutive terms. However, the full-year consolidated net income has decreased 20.0%, from the previous forecast of 175 million yen to 140 million yen (compared to 156 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 10.3% decrease in profit.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated ordinary profit has been revised upward 29.8%, from the previous forecast of 84 million yen to 109 million yen (compared to 147 million yen in the same period of the previous year), and the declining rate is expected to decrease from 42.9% to 25.9%.

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 1,487 85 84 50 13.3 0 Sep 12, 2024 J-GAAP
Jul - Dec, 2024 New 1,927 115 109 15 4.0 0 Jan 22, 2025 J-GAAP
Revision Rate +29.6% +35.3% +29.8% -70.0% -70.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 3,260 300 295 175 46.6 0 Sep 12, 2024 J-GAAP
Dec, 2024 New 3,700 330 320 140 37.2 0 Jan 22, 2025 J-GAAP
Revision Rate +13.5% +10.0% +8.5% -20.0% -20.1%

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 1,927 115 109 15 4.0 0 Jan 22, 2025 J-GAAP
YoY +20.4% -19.0% -25.9% -84.0% -83.3%

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 3,700 330 320 140 37.2 0 Jan 22, 2025 J-GAAP
YoY +13.7% +13.0% +10.0% -10.3% -5.9%

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