Infomart (2492) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, rose 15.8% year-on-year to ¥11,244 million, driven by growth in BtoB Platform services and user expansion.

• Operating profit increased 5.9% year-on-year to ¥671 million, while profit attributable to owners of parent surged 42.4% to ¥533 million.

• The acquisition of Tanomu Inc. was completed, expanding the group's digital ordering capabilities in the foodservice sector.

Financial highlights

• Gross profit for the nine months was ¥6,508 million, up from ¥5,501 million year-on-year.

• Operating profit reached ¥671 million (up 5.9%), ordinary profit ¥661 million (up 21.4%), and net income attributable to owners ¥533 million (up 42.4%).

• Basic earnings per share increased to ¥2.36 from ¥1.64 year-on-year.

• Cash and cash equivalents at period-end decreased by ¥1,828 million to ¥3,107 million.

Outlook and guidance

• Full-year net sales are forecast at ¥16,086 million, up 20.4% year-on-year.

• Operating profit is projected at ¥1,000 million (up 20.4%), ordinary profit at ¥780 million (up 23.5%), and profit attributable to owners at ¥539 million (up 80.6%).

• Dividend forecast for FY2024 is ¥1.54 per share, unchanged from previous guidance.