Infomart (2492) Q2 2024 earnings summary

Executive summary

• First half FY12/24 net sales rose 15.1% YoY to ¥7,213 million, driven by BtoB Platform services and user expansion.

• Operating profit declined 15.1% YoY to ¥310 million due to higher server, personnel, and goodwill amortization expenses.

• Profit attributable to owners of parent increased 6.8% YoY to ¥232 million, reflecting improved net sales and reduced ES segment losses.

• Acquisition and consolidation of Tanomu Inc. expanded business scope and contributed to segment synergies.

• Full-year forecasts are considered achievable, with significant sales and earnings growth targeted from December 2025 and 2026.

Financial highlights

• First half FY12/24: net sales ¥7,213 million (+15.1% YoY), gross profit ¥4,000 million (+12.1% YoY), operating profit ¥310 million (-15.1% YoY), net income ¥232 million (+6.8% YoY).

• Full-year FY12/24 forecast: net sales ¥16,086 million (+20.4% YoY), gross profit ¥9,674 million (+27.5% YoY), operating profit ¥1,000 million (+20.4% YoY), net income ¥539 million (+80.6% YoY).

• Gross profit margin improved to 55.5% in H1 and is forecasted at 60.1% for the full year; operating margin at 4.3% in H1, forecasted at 6.2% for the year.

• Basic earnings per share increased to ¥1.03 from ¥0.95 YoY.

• Cash and cash equivalents at period-end decreased by ¥1,220 million to ¥3,716 million.

Outlook and guidance

• Full-year forecasts remain unchanged, targeting 20.4% YoY sales growth and 80.6% YoY net income growth.

• Sales growth rate expected to improve in H2, driven by rate revisions in FOOD and cost reductions from cloud migration.

• Dividend forecast for FY2024 is ¥1.54 per share, with interim dividend set at ¥1.84 per share.

• Company plans to maintain cost ratios while increasing personnel and branding investments for business expansion.