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TRaaS On Product Inc., First Half Ordinary Profit Loss Narrows, 2Q (May-July) Ordinary Profit Loss Narrows

Tue Sep 10, 2024 3:00 pm JST Earnings

6696 TRaaS On Product Inc. 【J-GAAP】

Earnings Report

TRaaS On Product Inc. <6696> [TSE-G] announced its financial results after the market closed on September 10th (15:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2025 (February to July) was a reduced loss of 18 million yen (compared to a loss of 65 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the August to January period (second half) is expected to turn into a profit of 7 million yen (compared to a loss of 11 million yen in the same period last year).

In the most recent three-month period, from May to July (2Q), the ordinary loss improved to a deficit of loss of 10 million yen (compared to a loss of 45 million yen in the same period last year). The operating profit/loss margin drastically improved from -81.3% in the same period last year to -12.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Feb - Jul, 2022 259 -8 -15 -16 -4.4 ー Sep 6, 2022 J-GAAP
Feb - Jul, 2023 122 -58 -65 -65 -14.6 ー Sep 12, 2023 J-GAAP
Feb - Jul, 2024 162 -18 -18 -20 -4.2 ー Sep 10, 2024 J-GAAP
YoY +32.8% +69.0% +72.3% +69.2% +70.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance ー ー ー ー － 0 Mar 13, 2024 J-GAAP
Feb - Jul, 2024 Results 162 -18 -18 -20 -4.2 0 Sep 10, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 188 -11 -11 -20 -4.4 0 Mar 13, 2024 J-GAAP
Aug - Jan, 2024 Guidance 246 7 7 5 1.0 0 Sep 10, 2024 J-GAAP
YoY +30.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 496 -6 -15 -16 -4.3 0 Mar 7, 2023 J-GAAP
Jan, 2024 310 -69 -76 -85 -18.5 0 Mar 13, 2024 J-GAAP
Jan, 2025 Guidance 408 -11 -11 -15 -3.1 0 Mar 13, 2024 J-GAAP
YoY +31.6% +84.1% +85.5% +82.4% +83.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 48 -39 -45 -45 -10.1 -81.3 Sep 12, 2023 J-GAAP
Aug - Oct, 2023 74 -17 -17 -17 -3.7 -23.0 Dec 7, 2023 J-GAAP
Nov - Jan, 2023 114 6 6 -3 -0.7 5.3 Mar 13, 2024 J-GAAP
Feb - Apr, 2024 82 -8 -8 -9 -2.1 -9.8 Jun 7, 2024 J-GAAP
May - Jul, 2024 80 -10 -10 -11 -2.3 -12.5 Sep 10, 2024 J-GAAP
YoY +66.7% +74.4% +77.8% +75.6% +76.9%

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