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TRaaS On Product, February-October (Third Quarter Cumulative) Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Fri Dec 6, 2024 3:30 pm JST Earnings

6696 TRaaS On Product Inc. 【J-GAAP】

Earnings Report

TRaaS On Product Inc. <6696> [TSE Growth] announced its financial results after the market closed on December 6th (15:30). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) turned into a profit of 8 million yen (compared to a loss of 82 million yen in the same period last year). The progress rate against the full-year plan of 4 million yen is 200.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the November to January period (4Q) is expected to turn into a loss of 4 million yen (compared to a profit of 6 million yen in the same period last year).

In the most recent three-month period, from August to October (3Q), the ordinary profit/loss turned to a profit of profit of 26 million yen (compared to a loss of 17 million yen in the same period last year). The operating profit/loss margin drastically improved from -23.0% in the same period last year to 19.4%.

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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
Feb - Oct, 2022 351 -31 -40 -41 -11.0 ー Dec 6, 2022 J-GAAP
Feb - Oct, 2023 196 -75 -82 -82 -17.9 ー Dec 7, 2023 J-GAAP
Feb - Oct, 2024 291 7 8 5 1.2 200.0 Dec 6, 2024 J-GAAP
YoY +48.5% － － － －

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% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Aug - Oct, 2024 129 25 26 25 6.0 19.4 Dec 6, 2024 J-GAAP
YoY +74.3% － － － －

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