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BUSINESS BRAIN SHOWAOTA INC., First Half Net Income Decreases by 92%

Fri Nov 8, 2024 4:00 pm JST Earnings

9658 BUSINESS BRAIN SHOWAOTA INC. 【IFRS】

Earnings Report

BUSINESS BRAIN SHOWAOTA INC. <9658> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 8th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 92.4% from the same period last year to 992 million yen. The progress rate against the 2.34 billion yen full-year plan was 42.4%, also falling below the four-year average of 55.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 33.7% from the same period last year, reaching 1.34 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 63.7% from the same period last year, reaching 794 million yen. However, the operating profit margin worsened from 9.7% in the same period last year to 9.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 17,626 1,532 1,534 794 66.5 47.3 Oct 31, 2022 IFRS
Apr - Sep, 2023 16,988 19,519 19,281 13,138 1,139.4 93.7 Oct 31, 2023 IFRS
Apr - Sep, 2024 18,064 1,176 1,390 992 85.5 49.6 Nov 8, 2024 IFRS
YoY +6.3% -94.0% -92.8% -92.4% -92.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 18,100 940 1,120 820 70.7 37 Aug 13, 2024 IFRS
Apr - Sep, 2024 Results 18,064 1,176 1,390 992 85.5 37 Nov 8, 2024 IFRS
Revision Rate -0.2% +25.1% +24.1% +21.0% +20.9%

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 17,230 1,171 1,293 1,003 86.8 39 May 8, 2024 IFRS
Oct - Mar, 2024 Guidance 21,006 1,224 1,410 1,348 122.5 41 Nov 8, 2024 IFRS
YoY +21.9% +4.5% +9.0% +34.4% +41.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,063 3,208 3,241 1,838 155.4 48 Apr 28, 2023 IFRS
Mar, 2024 34,218 20,690 20,574 14,141 1,224.1 75 May 8, 2024 IFRS
Mar, 2025 Guidance 39,070 2,400 2,800 2,340 212.6 78 Aug 13, 2024 IFRS
YoY +14.2% -88.4% -86.4% -83.5% -82.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,457 823 886 485 42.1 9.7 Oct 31, 2023 IFRS
Oct - Dec, 2023 8,084 449 535 329 28.5 5.6 Jan 31, 2024 IFRS
Jan - Mar, 2024 9,146 722 758 674 58.3 7.9 May 8, 2024 IFRS
Apr - Jun, 2024 8,737 319 439 191 16.5 3.7 Aug 13, 2024 IFRS
Jul - Sep, 2024 9,327 857 951 801 69.0 9.2 Nov 8, 2024 IFRS
YoY +10.3% +4.1% +7.3% +65.2% +64.1%

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