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f-code Inc., January-September (Third Quarter Cumulative) Net Income Increases by 2.1 times, July-September Net Income Increases by 53%

Thu Nov 14, 2024 4:00 pm JST Earnings

9211 f-code Inc. 【J-GAAP】

Earnings Report

f-code Inc. <9211> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 2.1 times that of the same period last year, reaching 593 million yen. The progress rate against the 775 million yen full-year plan was 76.5%, also surpassing the progress rate of 58.1% from the same period of the previous 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 decrease by 10.3% from the same period last year to 182 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income increased by 53.5% from the same period last year, reaching 221 million yen. The operating profit margin jumped from 26.7% in the same period last year to 35.9%.

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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 802 196 193 174 21.1 156.9 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 1,580 415 390 281 27.5 64.6 Nov 14, 2023 IFRS
Jan - Sep, 2024 3,077 1,016 939 593 51.9 73.7 Nov 14, 2024 IFRS
YoY +94.7% +144.8% +140.8% +111.0% +88.6%

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 1,618 420 394 342 33.2 0 Feb 14, 2024 IFRS
Jul - Dec, 2024 Guidance 2,596 752 724 432 35.5 0 Aug 14, 2024 IFRS
YoY +60.4% +79.0% +83.8% +26.3% +7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,071 131 123 69 8.4 0 Feb 14, 2023 IFRS
Dec, 2023 2,482 644 604 479 46.5 0 Feb 14, 2024 IFRS
Dec, 2024 Guidance 4,633 1,350 1,274 775 63.7 0 Feb 14, 2024 IFRS
YoY +86.7% +109.6% +110.9% +61.8% +37.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 716 191 180 144 14.1 26.7 Nov 14, 2023 IFRS
Oct - Dec, 2023 902 229 214 198 19.2 25.4 Feb 14, 2024 IFRS
Jan - Mar, 2024 1,035 316 295 182 17.3 30.5 May 15, 2024 IFRS
Apr - Jun, 2024 1,002 282 255 161 14.5 28.1 Aug 14, 2024 IFRS
Jul - Sep, 2024 1,040 418 389 250 21.9 40.2 Nov 14, 2024 IFRS
YoY +45.3% +118.8% +116.1% +73.6% +55.0%

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