TRaaS On Product Inc., The Current Fiscal Year Ordinary Profit Turns to Profit, Exceeds Expectations

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Tue Oct 29, 2024 3:00 pm JST Revision

6696 TRaaS On Product Inc. 【J-GAAP】

Guidance Update Report

TRaaS On Product Inc. <6696> [TSE-G] announced a performance revision after the market closed on October 29th (15:00). The ordinary profit (non-consolidated) for the fiscal year ending January 2025 has been revised upward from an expected loss of 11 million yen to a profit of 4 million yen (compared to a loss of 76 million yen in the previous period), turning to a profit.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the August to January period (second half) ordinary profit is expected to increase by 3.1 times, from the previous forecast of 7 million yen to 22 million yen (compared to a loss of 11 million yen in the same period of the previous year).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Prev	246	7	7	5	1.0	0	Sep 10, 2024	J-GAAP
Aug - Jan, 2024 New	248	22	22	21	4.4	0	Oct 29, 2024	J-GAAP
Revision Rate	+0.8%	+214.3%	+214.3%	+320.0%	+324.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Prev	408	-11	-11	-15	-3.1	0	Mar 13, 2024	J-GAAP
Jan, 2025 New	410	4	4	1	0.2	0	Oct 29, 2024	J-GAAP
Revision Rate	+0.5%	－	－	－	－

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	248	22	22	21	4.4	0	Oct 29, 2024	J-GAAP
YoY	+31.9%	－	－	－	－

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	410	4	4	1	0.2	0	Oct 29, 2024	J-GAAP
YoY	+32.3%	－	－	－	－