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SmartDrive inc., 68% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

Wed Nov 13, 2024 3:30 pm JST Earnings

5137 SmartDrive inc. 【J-GAAP】

Earnings Report

SmartDrive inc. <5137> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the fiscal year ending September 2024 turned into a profit of 171 million yen (compared to a loss of 26 million yen in the previous period). For the fiscal year ending September 2025, the consolidated ordinary profit is expected to expanded to 68.4% to 288 million yen, marking the second consecutive term of record-high profits.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit increased by 68.2% from the same period last year, reaching 37 million yen. The operating profit margin improved from 4.9% in the same period last year to 7.1%.

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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 1,254 -319 -302 -303 -8.8 0 Dec 15, 2022 J-GAAP
Sep, 2023 1,709 -9 -26 -28 -0.8 0 Nov 14, 2023 J-GAAP
Sep, 2024 2,173 175 171 266 7.1 0 Nov 13, 2024 J-GAAP
YoY +27.2%

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 2,234 170 166 163 4.4 0 Apr 15, 2024 J-GAAP
Sep, 2024 Results 2,173 175 171 266 7.1 0 Nov 13, 2024 J-GAAP
Revision Rate -2.7% +2.9% +3.0% +63.2% +63.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,070 71 69 68 1.9 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 0 Nov 13, 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 1,709 -9 -26 -28 -0.8 0 Nov 14, 2023 J-GAAP
Sep, 2024 2,173 175 171 266 7.1 0 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 3,079 301 288 387 10.3 0 Nov 13, 2024 J-GAAP
YoY +41.7% +72.0% +68.4% +45.5% +44.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 450 22 22 21 0.6 4.9 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 514 -8 -11 -11 -0.3 -1.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 556 79 80 79 2.2 14.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 526 63 65 64 1.7 12.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 577 41 37 134 3.6 7.1 Nov 13, 2024 J-GAAP
YoY +28.2% +86.4% +68.2% +538.1% +508.5%

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