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SPACE CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Dividend Revised Upward by 5 yen

Fri Nov 8, 2024 3:30 pm JST Revision

9622 SPACE CO.,LTD. 【J-GAAP】

Guidance Update Report

SPACE CO.,LTD. <9622> [TSE-P] announced a revision to its performance and dividend after the market closed on November 8th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward by 5.8%, from the previous forecast of 3.3 billion yen to 3.49 billion yen (compared to 2.61 billion yen in the previous period), increasing the growth rate from 26.1% to 33.4%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated ordinary profit has been revised upward by 17.2%, from the previous forecast of 1.1 billion yen to 1.29 billion yen (compared to 1.57 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 29.9% to 17.8%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 50 yen (compared to 40 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 23,614 1,025 1,020 662 27.0 25 Aug 7, 2024 J-GAAP
Jul - Dec, 2024 New 29,614 1,215 1,210 812 33.1 30 Nov 8, 2024 J-GAAP
Revision Rate +25.4% +18.5% +18.6% +22.7% +22.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 55,400 3,280 3,300 2,180 89.0 45 Aug 7, 2024 J-GAAP
Dec, 2024 New 61,400 3,470 3,490 2,330 95.1 50 Nov 8, 2024 J-GAAP
Revision Rate +10.8% +5.8% +5.8% +6.9% +6.9%

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 26,825 1,549 1,571 1,159 47.3 22 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 29,614 1,215 1,210 812 33.1 30 Nov 8, 2024 J-GAAP
YoY +10.4% -21.6% -23.0% -29.9% -29.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 46,707 2,096 2,126 1,394 56.7 36 Feb 10, 2023 J-GAAP
Dec, 2023 52,793 2,574 2,616 1,685 68.8 40 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 61,400 3,470 3,490 2,330 95.1 50 Nov 8, 2024 J-GAAP
YoY +16.3% +34.8% +33.4% +38.3% +38.3%

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