Supplementary Materials for
the Financial Results for Quarter Two of the Fiscal Year Ending Feb. 2024
Creating Better Communities through Communication
BELLSYSTEM24 Holdings, Inc.
October 11, 2023
Securities code: 6183
Q2 of FY Ending Feb. 2024 Result Summary
Revenue stood at 76.7 billion yen, down 2.1% year on year.
Operating profit decreased 20.2% year on year, to 6.5 billion yen, and profit decreased 13.9% year on year, to 4.5 billion yen.
Consolidated
Results
Revenue
Operating profit
Profit attributable
to owners of
parent
76.7
6.5
4.5
billion yen | Same period |
YoY | |
billion yen | Same period |
YoY | |
billion yen | Same period |
YoY |
-2.1%
-20.2%
-13.9%
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Q2 of FY Ending Feb. 2024 Result Overview
Revenue
Although revenue from fundamental business increased 5.13 billion yen year on year, to 70.32 billion yen, revenue from businesses related to national policy matters including COVID-19 declined 6.61 billion to 6.01 billion yen from 12.62 billion yen in the same period of the previous year.
Operating profit
Declined 1.65 billion yen year on year, to 6.53 billion yen, reflecting the significant impact of a decline in revenue from highly profitable business related to national policy matters including COVID-19, despite the effect of growth in revenue from fundamental business.
Profit
Decreased 0.73 billion yen, to 4.50 billion yen year on year due to a decline in operating profit, despite an increase in the share of profit of investments accounted for using equity method, among other factors.
(Unit: billions of yen) | |||||||
Consolidated | |||||||
Q2 of FY ending | Q2 of FY ending | Same period | Same period | ||||
Earnings | |||||||
YoY | YoY | Progress rate | |||||
Feb. 2023 | Feb. 2024 | Forecast | |||||
YoY Change | YoY Percent | ||||||
(Planned) | |||||||
Change | |||||||
Revenue | 78.29 | 76.68 | -1.61 | -2.1% | 157.00 | 48.8% | |
Fundamental business | 65.19 | 70.32 | +5.13 | +7.9% | 145.10 | 48.5% | |
Business related to COVID-19 | |||||||
12.62 | 6.01 | -6.61 | -52.4% | 11.00 | 54.7% | ||
Other | |||||||
0.48 | 0.35 | -0.13 | -27.1% | 0.90 | 38.6% | ||
Operating profit | 8.18 | 6.53 | -1.65 | -20.2% | 13.80 | 47.3% | |
Operating profit ratio | |||||||
10.5% | 8.5% | 8.8% | |||||
Profit attributable to owners of parent | 5.23 | 4.50 | -0.73 | -13.9% | 8.80 | 51.1% | |
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Analysis of Change in Revenue for Q2 of FY Ending Feb. 2024
Revenue stood at 76.68 billion yen, down 1.61 billion yen, or 2.1%, from 78.29 billion yen in the previous fiscal year.
Fundamental business showed a steady year-on-year increase of 5.13 billion yen, or 7.9%, reflecting the expansion of new and existing services coupled with revenue posted at a subsidiary in Vietnam.
Business related to national policy matters including COVID-19 decreased 6.61 billion yen, or 52.4%, year on year, primarily due to a decline in demand for vaccine-related services.
(Unit: billions of yen)
Fundamental business | Business related to | Other |
COVID-19 | ||
+5.13
78.29
-6.61
-0.1376.68
-1.61 | |
(-2.1%) | |
Q2 of FY ended | Q2 of FY ending |
Feb. 2023 | Feb. 2024 |
Revenue | Revenue |
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Change in Revenue in Fundamental Business for Q2 of FY Ending Feb. 2024
Revenue (fundamental business) for the first six month under review stood at 70.32 billion yen, or up 7.9% from 65. 19 billion yen, the same period of the pervious year.
With the progress in the normalization of corporate business activity due to the settling down of COVID-19 pandemic outsourcing demand rose and revenue from fundamental business, which had been growing at an average rate of 4.6% per year, increased at a pace that exceeded previous growth rates during the first six month
under review.
Average annual
growth rate
(Unit: billions of yen)
Plan for the
current fiscal year
+4.6%
125.14 | 125.64 | 127.92 | 133.05 |
117.47
108.87
101.53
65.19
145.10
+7.9%
70.32
FY ended Feb. | FY ended Feb. | FY ended Feb. | FY ended Feb. | FY ended Feb. | FY ended Feb. | FY ended Feb. | Q2 of FY ending |
2017 (FY2016) | 2018 (FY2017) | 2019 (FY2018) | 2020 (FY2019) | 2021 (FY2020) | 2022 (FY2021) | 2023 (FY2022) | Feb. 2024 |
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