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Enjin, First Half Ordinary Profit Decreases by 26%

Tue Jan 14, 2025 3:30 pm JST Earnings

7370 Enjin Co.,Ltd. 【J-GAAP】

Earnings Report

Enjin Co.,Ltd. <7370> [TSE Growth] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) decreased 25.5% from the same period last year to 408 million yen. However, the progress rate toward the full-year plan of 548 million yen was 74.5%, also surpassing the five-year average of 46.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to significant drop 73.6% from the same period last year to 140 million yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 250 million yen, a 14.4% decrease compared to the same period last year. The operating profit margin decreased from 34.4% in the same period last year to 33.5%.

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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
Jun - Nov, 2022 1,618 567 574 388 52.6 43.7 Jan 13, 2023 J-GAAP
Jun - Nov, 2023 1,680 525 548 369 50.9 50.8 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 1,402 404 408 223 31.9 74.5 Jan 14, 2025 J-GAAP
YoY -16.5% -23.0% -25.5% -39.6% -37.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance ー ー ー ー － 13 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 Results 1,402 404 408 223 31.9 13 Jan 14, 2025 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
Dec - May, 2023 1,587 520 530 380 53.3 23.80 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 1,299 144 140 157 22.3 23.80 Jan 14, 2025 J-GAAP
YoY -18.1% -72.3% -73.6% -58.7% -58.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 3,481 1,303 1,313 879 119.5 35.80 Jul 14, 2023 J-GAAP
May, 2024 3,267 1,045 1,078 749 105.1 36.80 Jul 12, 2024 J-GAAP
May, 2025 Guidance 2,701 548 548 380 54.0 36.80 Jul 12, 2024 J-GAAP
YoY -17.3% -47.6% -49.2% -49.3% -48.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 831 286 292 191 26.3 34.4 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 675 195 202 142 19.8 28.9 Apr 12, 2024 J-GAAP
Mar - May, 2024 912 325 328 238 33.4 35.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 655 154 158 80 11.6 23.5 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 747 250 250 143 20.4 33.5 Jan 14, 2025 J-GAAP
YoY -10.1% -12.6% -14.4% -25.1% -22.4%

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