ISB (9702) Q1 2024 earnings summary

Executive summary

• Q1 revenue, operating profit and net income reached record highs since founding; full-year forecast raised.

• Stronger orders in Business Industry and Enterprise drove YoY revenue growth; profit rose despite higher procurement, personnel-strategy and advertising costs.

Financial highlights

• Q1 revenue ¥8,531 million, 102% of prior-year level; operating profit ¥1,105 million, 107%.

• Ordinary profit ¥1,132 million, 109% of prior-year level; net income attributable to owners of parent ¥760 million, 131%.

• Full-year forecast: revenue ¥33,700 million, operating profit ¥2,470 million, ordinary profit ¥2,550 million and net income ¥1,620 million.

Outlook and guidance

• FY2024 revenue forecast raised by ¥200 million to ¥33,700 million; operating profit forecast raised by ¥150 million to ¥2,470 million.

• FY2024 ordinary profit forecast raised by ¥150 million to ¥2,550 million; net income forecast increased from ¥1,500 million to ¥1,620 million.