NOVARESE, 52% Increase in Net Income for The Current Fiscal Year

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Fri Feb 14, 2025 3:30 pm JST Earnings

9160 NOVARESE,Inc. 【IFRS】

Earnings Report

NOVARESE,Inc. <9160> [TSE Std] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income for the fiscal year ending December 2024 decreased 29.6% from the previous period to 0.66 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 52.0% to 1 billion yen. This will be the fifth consecutive term of revenue growth.

In the most recent three-month period, from October to December (4Q), the consolidated net income decreased to 0.91 billion yen, a 11.1% decrease compared to the same period last year. The operating profit margin decreased from 23.5% in the same period last year to 21.2%.

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Actual Results

Historical Performance

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	19,299	1,337	975	663	26.6	0	Feb 14, 2025	IFRS
YoY	+5.7%	-13.1%	-20.7%	-29.6%	-29.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	19,576	1,710	1,361	943	37.7	0	Feb 14, 2024	IFRS
Dec, 2024 Results	19,299	1,337	975	663	26.6	0	Feb 14, 2025	IFRS
Revision Rate	-1.4%	-21.8%	-28.4%	-29.7%	-29.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	8,471	111	-26	-20	-0.8	0	Aug 14, 2024	IFRS
Jan - Jun, 2025 Guidance	9,224	263	75	50	2.0	0	Feb 14, 2025	IFRS
YoY	+8.9%	+136.9%	－	－	－

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	19,299	1,337	975	663	26.6	0	Feb 14, 2025	IFRS
Dec, 2025 Guidance	20,505	1,878	1,504	1,008	40.2	0	Feb 14, 2025	IFRS
YoY	+6.2%	+40.5%	+54.3%	+52.0%	+51.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	6,749	1,433	1,359	918	36.8	21.2	Feb 14, 2025	IFRS
YoY	+10.5%	-0.1%	+0.2%	-11.1%	-11.0%