QPS Holdings (464A) Q2 2024 earnings summary

Executive summary

• Second quarter results exceeded prior forecasts, with revenue and profit improvements over expectations.

• Full-year guidance revised downward due to project timing delays and increased costs.

Financial highlights

• Q2 revenue: ¥1,244M (+10.1% vs. forecast, +775M year-over-year).

• Q2 operating profit: ¥6M (vs. -¥120M forecast, +88M year-over-year).

• Q2 net loss: -¥1,728M (improved by ¥141M vs. forecast, worsened by ¥1,564M year-over-year due to special loss).

• Full-year revenue forecast revised to ¥2,850M (down ¥310M from previous guidance).

• Full-year net loss forecast widened to -¥1,960M (down ¥340M from previous guidance).

Outlook and guidance

• Revenue and profit outlook for FY2025 revised downward due to project inspection delays and additional costs.

• Impact from project timing shifts expected to be reflected in FY2026 and beyond.