Soliton Systems (3040) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, were ¥13,244 million, down 3.2% year-over-year.

• Operating profit decreased 38.3% year-over-year to ¥1,041 million.

• Profit attributable to owners of parent fell 44.8% year-over-year to ¥725 million.

Financial highlights

• Gross profit for the period was ¥5,725 million, down from ¥6,012 million year-over-year.

• Ordinary profit dropped 45.3% year-over-year to ¥1,074 million.

• Earnings per share for the nine months were ¥39.16, compared to ¥71.03 in the prior year.

• Comprehensive income for the period was ¥706 million, down from ¥1,211 million year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥18,400 million, a 3.5% decrease year-over-year.

• Full-year operating profit is projected at ¥2,000 million, down 23.3% year-over-year.

• Profit attributable to owners of parent for the full year is forecast at ¥1,430 million, a 26.3% decrease year-over-year.

• Full-year earnings per share forecast is ¥77.16.