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ispace, The Current Fiscal Year Net Income Loss to Narrow

Wed Feb 12, 2025 3:45 pm JST Earnings

9348 ispace, inc. 【J-GAAP】

Earnings Report

ispace, inc. <9348> [TSE Growth] announced its financial results after the market closed on February 12th (15:45). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 7.36 billion yen (compared to a loss of 0.83 billion yen in the same period last year).

However, the full-year consolidated net income/loss has been revised upward from an expected loss of 12.4 billion yen to a loss of 10.7 billion yen (compared to a loss of 2.36 billion yen in the previous period), indicating a reduction in the loss margin.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised upward from an expected loss of 6.07 billion yen to a loss of 4.37 billion yen (compared to a loss of 3.9 billion yen in the same period of the previous year), indicating a reduction in the loss margin.

In the most recent three-month period, from October to December (3Q), the consolidated net loss improved to a deficit of 0.97 billion yen (compared to a loss of 2.37 billion yen in the same period last year). However, the operating profit/loss margin drastically worsened from -344.2% in the same period last year to -417.3%.

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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
Apr - Dec, 2023 1,826 -3,748 -4,590 -836 -10.4 ー Feb 13, 2024 J-GAAP
Apr - Dec, 2024 1,989 -6,434 -6,779 -7,365 -78.2 ー Feb 12, 2025 J-GAAP
YoY +8.9% -71.7% -47.7% -781.0% -655.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 2,691 -9,431 -6,672 -6,075 -59.0 0 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 3,125 -6,138 -4,984 -4,372 -42.5 0 Feb 12, 2025 J-GAAP
Revision Rate +16.1% +34.9% +25.3% +28.0% +28.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 4,033 -13,165 -12,462 -12,466 -121.1 0 May 10, 2024 J-GAAP
Mar, 2025 New 4,467 -9,872 -10,774 -10,763 -104.6 0 Feb 12, 2025 J-GAAP
Revision Rate +10.8% +25.0% +13.5% +13.7% +13.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,027 -3,460 -3,840 -3,903 -47.9 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,125 -6,138 -4,984 -4,372 -42.5 0 Feb 12, 2025 J-GAAP
YoY +204.3% -77.4% -29.8% -12.0% +11.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 989 -11,023 -11,378 -11,398 -211.5 0 May 15, 2023 J-GAAP
Mar, 2024 2,357 -5,501 -6,097 -2,366 -29.1 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 4,467 -9,872 -10,774 -10,763 -104.6 0 Feb 12, 2025 J-GAAP
YoY +89.5% -79.5% -76.7% -354.9% -260.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 496 -1,707 -2,333 -2,373 -29.4 -344.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 531 -1,753 -1,507 -1,530 -18.8 -330.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 635 -2,295 -1,576 -1,579 -17.0 -361.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 707 -1,439 -4,214 -4,812 -51.6 -203.5 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 647 -2,700 -989 -974 -10.3 -417.3 Feb 12, 2025 J-GAAP
YoY +30.4% -58.2% +57.6% +59.0% +64.8%

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