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TRYT Inc., July-September (3Q) Net Income Turns to Loss

Thu Nov 14, 2024 3:35 pm JST Earnings

9164 TRYT Inc. 【IFRS】

Earnings Report

TRYT Inc. <9164> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:35). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 25.5% from the same period last year to 3.61 billion yen. However, The progress rate against the full-year plan of 3.5 billion yen is 103.2%, already exceeding the target and also exceeding the same period of the previous year of 98.9%.

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/loss for the October to December period (4Q) is expected to turn into a loss of 112 million yen (compared to a profit of 55 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 578 million yen (compared to a profit of 173 million yen in the previous period). The operating profit/loss margin drastically worsened from 4.1% in the same period last year to -2.3%.

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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 41,213 7,457 7,159 4,846 48.5 101.5 Nov 14, 2023 IFRS
Jan - Sep, 2024 44,681 6,407 5,288 3,612 36.1 99.8 Nov 14, 2024 IFRS
YoY +8.4% -14.1% -26.1% -25.5% -25.4%

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 23,632 552 147 228 2.3 0 Feb 13, 2024 IFRS
Jul - Dec, 2024 Guidance 25,542 -495 -835 -690 -6.9 21 Aug 9, 2024 IFRS
YoY +8.1% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 52,767 7,514 7,050 4,901 49.0 0 Feb 13, 2024 IFRS
Dec, 2024 Guidance 57,500 6,200 5,300 3,500 35.0 21 Aug 9, 2024 IFRS
YoY +9.0% -17.5% -24.8% -28.6% -28.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,078 495 256 173 1.7 4.1 Nov 14, 2023 IFRS
Oct - Dec, 2023 11,554 57 -109 55 0.6 0.5 Feb 13, 2024 IFRS
Jan - Mar, 2024 11,852 -653 -1,320 -898 -9.0 -5.5 May 14, 2024 IFRS
Apr - Jun, 2024 20,106 7,348 7,455 5,088 50.9 36.5 Aug 9, 2024 IFRS
Jul - Sep, 2024 12,723 -288 -847 -578 -5.8 -2.3 Nov 14, 2024 IFRS
YoY +5.3% － － － －

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