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BELLSYSTEM24, Mar-Nov (Cumulative 3Q) Net Income Decreases by 22%

Thu Jan 9, 2025 3:30 pm JST Earnings

6183 BELLSYSTEM24 HOLDINGS,INC. 【IFRS】

Earnings Report

BELLSYSTEM24 HOLDINGS,INC. <6183> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 9th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 21.9% from the same period last year to 4.68 billion yen. The progress rate toward the full-year plan of 8 billion yen was 58.5%, also falling below the five-year average of 82.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the December to February period (4Q) is expected to surge 2.1 times that of the same period last year, reaching 3.31 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated net income grew 11.1% from the same period last year, reaching 1.65 billion yen. The operating profit margin improved from 6.6% in the same period last year to 7.1%.

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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
Mar - Nov, 2022 117,556 11,882 11,486 7,667 104.2 81.1 Jan 11, 2023 IFRS
Mar - Nov, 2023 113,032 8,921 8,738 5,992 81.5 77.8 Jan 10, 2024 IFRS
Mar - Nov, 2024 107,943 7,366 7,141 4,681 63.6 58.5 Jan 9, 2025 IFRS
YoY -4.5% -17.4% -18.3% -21.9% -21.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 72,038 4,950 4,802 3,044 41.4 30 Apr 10, 2024 IFRS
Sep - Feb, 2024 Guidance 80,960 7,690 7,535 4,976 67.6 30 Oct 9, 2024 IFRS
YoY +12.4% +55.4% +56.9% +63.5% +63.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 156,054 14,917 14,157 9,330 126.8 60 Apr 12, 2023 IFRS
Feb, 2024 148,717 11,479 11,225 7,545 102.6 60 Apr 10, 2024 IFRS
Feb, 2025 Guidance 153,000 12,500 12,200 8,000 108.8 60 Apr 10, 2024 IFRS
YoY +2.9% +8.9% +8.7% +6.0% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 36,353 2,392 2,315 1,491 20.3 6.6 Jan 10, 2024 IFRS
Dec - Feb, 2023 35,685 2,558 2,487 1,553 21.1 7.2 Apr 10, 2024 IFRS
Mar - May, 2024 36,816 2,600 2,558 1,687 22.9 7.1 Jul 10, 2024 IFRS
Jun - Aug, 2024 35,224 2,210 2,107 1,337 18.2 6.3 Oct 9, 2024 IFRS
Sep - Nov, 2024 35,903 2,556 2,476 1,657 22.5 7.1 Jan 9, 2025 IFRS
YoY -1.2% +6.9% +7.0% +11.1% +11.1%

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