Starts Publishing Corporation, July-September (3Q) Ordinary Profit Decreases by 20%

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Mon Nov 11, 2024 3:00 pm JST Earnings

7849 Starts Publishing Corporation 【J-GAAP】

Earnings Report

Starts Publishing Corporation <7849> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 1.74 billion yen, a 1.1% decrease compared to the same period last year. The progress rate against the 2.5 billion yen full-year plan was 69.8%, almost the same as the five-year average of 69.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to grow by 25.2% from the same period last year, reaching 754 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 488 million yen, a 19.6% decrease compared to the same period last year. The operating profit margin decreased from 29.1% in the same period last year to 23.9%.

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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
Jan - Sep, 2022	4,901	1,092	1,191	736	191.7	70.1	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	6,053	1,686	1,765	1,316	343.0	74.6	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	6,301	1,659	1,746	1,296	337.8	69.8	Nov 11, 2024	J-GAAP
YoY	+4.1%	-1.6%	-1.1%	-1.5%	-1.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	4,363	1,191	1,209	879	229.1	60	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,220	1,224	1,242	858	223.5	30	Aug 8, 2024	J-GAAP
YoY	-3.3%	+2.8%	+2.7%	-2.4%	-2.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	7,023	1,586	1,699	1,167	304.1	30	Feb 13, 2023	J-GAAP
Dec, 2023	8,341	2,273	2,367	1,777	463.1	60	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	8,500	2,400	2,500	1,820	474.0	60	Feb 13, 2024	J-GAAP
YoY	+1.9%	+5.6%	+5.6%	+2.4%	+2.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,075	604	607	418	108.9	29.1	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,288	587	602	461	120.1	25.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,218	667	671	482	125.7	30.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,062	509	587	480	125.1	24.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,021	483	488	334	87.0	23.9	Nov 11, 2024	J-GAAP
YoY	-2.6%	-20.0%	-19.6%	-20.1%	-20.1%