Bell-Park (9441) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was ¥85,610 million, flat year-over-year, with operating profit up 14.3% and net profit attributable to shareholders up 20.8%.

• Growth driven by increased mobile device sales, stock revenue, and expanded service offerings, despite a challenging regulatory and competitive environment.

• Store count declined to 340 as of September 2024, reflecting ongoing efficiency efforts and industry consolidation.

Financial highlights

• Operating profit rose to ¥3,588 million (up 14.3% year-over-year); ordinary profit reached ¥3,671 million (up 15.7%).

• Net profit attributable to shareholders was ¥2,576 million, up 20.8% year-over-year.

• Gross profit increased to ¥20,340 million from ¥19,108 million year-over-year.

• Comprehensive income for the period was ¥2,520 million, up 17.6% year-over-year.

• EPS for the period was ¥133.92, compared to ¥110.86 in the prior year.

Outlook and guidance

• Full-year revenue forecast is ¥110,000 million (down 4.7% year-over-year), with operating profit of ¥3,650 million (up 3.4%) and net profit of ¥2,500 million (up 5.0%).

• No changes to previously announced guidance as of the reporting date.