BuySell Technologies (7685) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, rose 48.2% year-over-year to ¥44,190 million.

• Operating profit increased 139.6% year-over-year to ¥3,711 million.

• Profit attributable to owners of parent surged 149.7% year-over-year to ¥1,764 million.

• Comprehensive income for the period was ¥1,768 million, up 150.1% year-over-year.

Financial highlights

• Ordinary profit for the nine months reached ¥3,280 million, up 115.5% year-over-year.

• Basic earnings per share for the period was ¥123.37, compared to ¥48.51 in the prior year.

• Total assets as of September 30, 2024, were ¥40,674 million, with net assets at ¥10,186 million.

• Equity-to-asset ratio declined to 24.3% from 39.5% at the previous year-end.

Outlook and guidance

• Full-year 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% year-over-year.

• Profit attributable to owners of parent is forecast at ¥2,240 million, a 54.1% increase year-over-year.

• Full-year EPS is expected to be ¥153.34.