BuySell Technologies (7685) Q2 2024 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2024, rose 46.8% year-over-year to ¥28,270 million, with significant growth in operating and ordinary profit.

• Profit attributable to owners of parent increased 90.4% year-over-year to ¥1,210 million for the same period.

Financial highlights

• Operating profit for the six months was ¥2,420 million, up 84.2% year-over-year; ordinary profit reached ¥2,307 million, up 78.6%.

• Basic earnings per share for the period were ¥84.65, nearly doubling from ¥43.66 a year earlier.

• Total assets as of June 30, 2024, stood at ¥31,499 million, with net assets at ¥9,589 million.

Outlook and guidance

• Full-year 2024 net sales forecast is ¥61,850 million, a 45.3% increase year-over-year.

• Operating profit is projected at ¥4,680 million (up 67.4%), and profit attributable to owners of parent at ¥2,240 million (up 54.1%).

• Net income per share for the full year is forecast at ¥153.34.