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Kitalive Inc., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 46%, July-September Ordinary Profit Decreases by 35%

Thu Nov 14, 2024 3:30 pm JST Earnings

5039 Kitalive Inc. 【J-GAAP】

Earnings Report

Kitalive Inc. <5039> [SSE-A] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 46.3% from the same period last year to 80 million yen. The progress rate against the 130 million yen full-year plan was 61.5%, also falling below the same period of the previous year of 73.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to decrease by 5.7% from the same period last year to 50 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit dropped to 24 million yen, a 35.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 18.7% in the same period last year to 12.2%.

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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 504 140 129 87 72.8 72.9 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 618 149 149 101 81.3 73.8 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 588 80 80 54 43.6 61.5 Nov 14, 2024 J-GAAP
YoY -4.9% -46.3% -46.3% -46.5% -46.4%

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 396 85 90 71 56.7 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 519 65 74 53 42.3 0 Aug 14, 2024 J-GAAP
YoY +31.1% -23.5% -17.8% -25.4% -25.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 706 183 177 127 104.7 0 Feb 14, 2023 J-GAAP
Dec, 2023 816 197 202 147 117.3 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 910 121 130 91 72.6 0 Feb 14, 2024 J-GAAP
YoY +11.5% -38.6% -35.6% -38.1% -38.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 198 37 37 25 20.1 18.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 198 48 53 46 36.7 24.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 196 43 43 29 23.8 21.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 195 13 13 9 7.4 6.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 197 24 24 16 12.9 12.2 Nov 14, 2024 J-GAAP
YoY -0.5% -35.1% -35.1% -36.0% -35.9%

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