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IDEA Consultants.Inc., July-September (3Q) Ordinary Profit Decreases by 26%

Tue Nov 5, 2024 4:00 pm JST Earnings

9768 IDEA Consultants.Inc. 【J-GAAP】

Earnings Report

IDEA Consultants.Inc. <9768> [TSE-S] announced its financial results after the market closed on November 5th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 17.5% from the same period last year, reaching 2.86 billion yen. The progress rate against the 3.25 billion yen full-year plan was 88.0%, it was below the five-year average 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 ordinary profit for the October to December period (4Q) is expected to drop by 30.2% from the same period last year to 389 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 339 million yen, a 25.8% decrease compared to the same period last year. The operating profit margin worsened from 7.0% in the same period last year to 5.8%.

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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 17,307 2,954 3,053 2,003 280.7 93.1 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 16,758 2,257 2,434 1,607 225.2 81.4 Nov 6, 2023 J-GAAP
Jan - Sep, 2024 17,767 2,677 2,861 1,953 273.6 88.0 Nov 5, 2024 J-GAAP
YoY +6.0% +18.6% +17.5% +21.5% +21.5%

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 11,419 919 1,014 662 92.8 65 Feb 5, 2024 J-GAAP
Jul - Dec, 2024 Guidance 11,139 737 728 350 49.0 90 Aug 5, 2024 J-GAAP
YoY -2.5% -19.8% -28.2% -47.1% -47.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 23,035 3,154 3,278 2,149 301.1 45 Feb 6, 2023 J-GAAP
Dec, 2023 22,698 2,791 2,991 1,989 278.7 65 Feb 5, 2024 J-GAAP
Dec, 2024 Guidance 23,500 3,100 3,250 2,100 294.2 90 Feb 5, 2024 J-GAAP
YoY +3.5% +11.1% +8.7% +5.6% +5.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,479 385 457 280 39.2 7.0 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 5,940 534 557 382 53.5 9.0 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 6,583 1,245 1,264 890 124.7 18.9 May 7, 2024 J-GAAP
Apr - Jun, 2024 5,778 1,118 1,258 860 120.5 19.3 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 5,406 314 339 203 28.4 5.8 Nov 5, 2024 J-GAAP
YoY -1.3% -18.4% -25.8% -27.5% -27.5%

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