ELEMENTS, Inc., June-August (3Q) Ordinary Profit Turns to Loss

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Fri Oct 11, 2024 3:00 pm JST Earnings

5246 ELEMENTS, Inc. 【J-GAAP】

Earnings Report

ELEMENTS, Inc. <5246> [TSE-G] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a profit of 45 million yen (compared to a loss of 408 million yen in the same period last year). This has already exceeded the planned deficit of loss of 28 million yen for the .

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 September to November period (4Q) is expected to turn into a loss of 73 million yen (compared to a profit of 53 million yen in the same period last year).

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit/loss turned to a loss of 53 million yen (compared to a profit of 74 million yen in the same period last year). The operating profit/loss margin drastically worsened from 16.7% in the same period last year to -5.7%.

Kabutan News

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
Dec - Aug, 2022	1,315	-375	-408	-374	-18.0	ー	Oct 12, 2023	J-GAAP
Dec - Aug, 2023	1,857	110	45	-38	-1.7	ー	Oct 11, 2024	J-GAAP
YoY	+41.2%	－	－	+89.8%	+90.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	1,157	167	127	110	5.2	0	Jan 15, 2024	J-GAAP
Jun - Nov, 2024 Guidance	1,324	-109	-126	-214	-8.7	0	Jul 12, 2024	J-GAAP
YoY	+14.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	1,651	-579	-600	-561	-39.5	0	Jan 16, 2023	J-GAAP
Nov, 2023	1,940	-297	-355	-338	-16.1	0	Jan 15, 2024	J-GAAP
Nov, 2024 Guidance	2,532	38	-28	-175	-7.2	0	Jul 12, 2024	J-GAAP
YoY	+30.5%	－	+92.1%	+48.2%	+55.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	532	89	74	74	3.6	16.7	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	625	78	53	36	1.7	12.5	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	432	16	-15	-16	-0.7	3.7	Apr 12, 2024	J-GAAP
Mar - May, 2024	776	131	113	55	2.4	16.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	649	-37	-53	-77	-3.4	-5.7	Oct 11, 2024	J-GAAP
YoY	+22.0%	－	－	－	－