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NOVARESE,Inc., January-September (Third Quarter Cumulative) Net Income Loss Widens, July-September Net Income Loss Widens

Thu Nov 14, 2024 4:00 pm JST Earnings

9160 NOVARESE,Inc. 【IFRS】

Earnings Report

NOVARESE,Inc. <9160> [TSE-S] announced its financial results (based on IFRS) after the market closed on November 14th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 255 million yen (compared to a loss of 91 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow by 16.0% from the same period last year, reaching 1.19 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net loss expanded to a loss of 235 million yen (compared to a loss of 162 million yen in the same period last year). The operating profit/loss margin worsened from -4.5% in the same period last year to -5.1%.

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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, 2023 12,158 104 -126 -91 -3.7 ー Nov 14, 2023 IFRS
Jan - Sep, 2024 12,550 -96 -384 -255 -10.2 ー Nov 14, 2024 IFRS
YoY +3.2% － -204.8% -180.2% -179.0%

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 10,014 1,260 1,109 871 34.9 0 Feb 14, 2024 IFRS
Jul - Dec, 2024 Guidance 11,105 1,599 1,387 963 38.5 0 Aug 14, 2024 IFRS
YoY +10.9% +26.9% +25.1% +10.6% +10.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 18,265 1,539 1,230 942 37.7 0 Feb 14, 2024 IFRS
Dec, 2024 Guidance 19,576 1,710 1,361 943 37.7 0 Feb 14, 2024 IFRS
YoY +7.2% +11.1% +10.7% +0.1% +0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,907 -175 -247 -162 -6.5 -4.5 Nov 14, 2023 IFRS
Oct - Dec, 2023 6,107 1,435 1,356 1,033 41.3 23.5 Feb 14, 2024 IFRS
Jan - Mar, 2024 3,696 -333 -394 -259 -10.4 -9.0 May 15, 2024 IFRS
Apr - Jun, 2024 4,775 444 368 239 9.7 9.3 Aug 14, 2024 IFRS
Jul - Sep, 2024 4,079 -207 -358 -235 -9.4 -5.1 Nov 14, 2024 IFRS
YoY +4.4% -18.3% -44.9% -45.1% -44.3%

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