3970 INNOVATION
- 1249
- +21+1.71%
INNOVATION News
INNOVATION: Summary of Financial Results for the Fiscal Year Ending March 31, 2024 [Japanese GAAP] (Consolidated)
INNOVATION: Financial results supplement for the fiscal year ending March 31, 2024
Kids Smile, Media Research Institute, etc.
＜3970＞Innovation downward revision, operating profit forecast 399 million yen ← 850 million yen ＜4477＞BASE earnings forecast revision, current fiscal year ordinary profit forecast 0.03 billion yen ←△2.04 to △ 0.03 billion yen ＜4586＞patent assessment relating to Medlec MRX-5LBT (Japan) ＜5884＞Kuradashi downward revision, current fiscal year operating profit forecast 0.24 billion yen ← 0.45 billion yen ＜7063＞issuance of new shares through birdman third party allotment (1.4 million shares) Issuance of stock acquisition rights (subdued)
Daiwa House, Meiji HD, Shiseido, Sumitomo Electric (10th) (1301-5998)
*The above calendar is just a schedule and is subject to change due to company circumstances. ---------------------------------------5/10 (Fri) ＜1301＞Kyokuyo ＜1379＞Hokuto ＜1414＞Show Bond ＜1420＞Sanyo H＜1429＞Japan Aqua ＜1431＞Ribwork＜1435＞Robot Home ＜1438＞Gifu Landscaping＜1
INNOVATION: Notice regarding revisions to full-year consolidated earnings forecasts and recording of valuation losses (consolidated/individual) and extraordinary losses (individual) of operating investment securities
Innovation---Shizuoka Innovation Scholarship Foundation certified as a public interest foundation
Innovation ＜3970＞ announced on the 3rd that the Shizuoka Innovation Scholarship Service (SIS), which was established in 2023/11, has been certified as a public service corporation. While strengthening cooperation with the Shizuoka Innovation Base (SIB), SIS will further expand cooperation with private companies within regional administrative prefectures and accelerate human resource development contributing to regional development and development in Shizuoka Prefecture. Recently, entrepreneurs in Shizuoka prefecture brought in new knowledge and solutions, and “quality and quantity of information” in rural areas
innovation, lure, etc.
＜3970＞Innovation Hayate Management Co., Ltd. Stock Ownership Ratio 10.75% → 10.42% Reporting Obligation Date 2024/04/08＜3979＞Ururu Hikari Communication Co., Ltd. Stock Ownership Ratio 17.98% → 19.01% Reporting Obligation Date 2024/04/05 ＜4563＞Anges Co., Ltd. BOFA Securities Co., Ltd. Stock Ownership Ratio 13.94% → 0.03% Reporting Obligation Occurred
Innovation, Anges, etc.
＜3970＞Innovation 7th Stock Acquisition Rights (with exercise price amendment clause) number of shares issued from 8th, 33,900 shares ＜4563＞number of shares issued from mass exercise 8th of Anges 1st Unsecured Convertible Bonds (with convertible price correction clauses), 3.55 million 1912 shares ＜4591 ＞Additional support adopted based on high evaluation of the “AI Aptamer Drug Discovery Project”
Innovation Research Memo (9): Move back the year of achievement of the medium-term management plan by 1 year to the 2026/3 fiscal year
■Future outlook 2. The progress of the Mid-Term Management Plan and List Finder's price revision innovation ＜3970＞ are changing the performance targets of the medium-term management plan in “matters relating to business plans and growth potential” announced on 2023/6/28. This is due to delays in alliance progress in the IT solution business and the effects of market stagnation due to structured bond issues in the financial platform business, etc.
Innovation Research Memo (8): There is a risk of a significant increase in sales and profit forecasts for the fiscal year ending 2024/3
■Future Prospects 1. Full-year earnings forecast for the fiscal year ending 2024/3 The consolidated earnings forecast for the full fiscal year ending 2024/3 of Innovation ＜3970＞ is 5,087 million yen, up 11.3% from the previous fiscal year in sales, 850 million yen, up 147.8% from the same period in operating income, 849 million yen, up 145.9% from ordinary income, and 509 million yen, up 712.1% in net income attributable to parent company shareholders. Cumulative sales for the third quarter were 3,375 million yen, down 0.6% from the previous fiscal year, and operating income was 20.8 million yen
Innovation Research Memo (7): Maintaining high financial soundness with an equity ratio of 83.1%
■Performance Trends 3. Financial Status (1) Total assets of Consolidated Balance Sheet Innovation ＜3970＞ at the end of the fiscal year ended March 31, 2023 increased by 25 million yen from the end of the previous fiscal year to 3,795 million yen. Current assets increased by 69 million yen to 3,084 million yen due to cash and deposits, 74 million yen in operating investment securities, and 139 million yen in unpaid corporate taxes, etc., while notes receivable and accounts receivable decreased by 191 million yen. As for fixed assets, tangible fixed assets have decreased in buildings
Innovation Research Memo (6): Decrease in sales and profit in the first half of the fiscal year ending 2024/3
The consolidated results for the first half of the fiscal year ending 2024/3 of Innovation ＜3970＞ were sales down 12.4% from the previous fiscal year, to 2,110 million yen, operating income down 16.3% to 231 million yen, ordinary profit down 15.6% to 234 million yen, and quarterly net income attributable to parent company shareholders, down 1.2% to 136 million yen.
Innovation Research Memo (5): There is plenty of room for medium- to long-term expansion in both the SaaS market and IFA market
Although there is a temporary slowdown in growth due to economic normalization from the COVID-19 pandemic, it is expected that the DX investment and SaaS market in Japan will continue to experience high market growth over the long term.
Innovation Research Memo (4): “IT Trends” and “List Finder” are the main services (2)
■Innovation ＜3970＞ Company Overview (2) IT Solution Business The IT Solution Business provides consulting services related to the MA tool “List Finder,” which specializes in corporate sales, and measures to attract customers to websites based on these. “List Finder” is about developing and contracting, closing (lead nurturing), upselling/cross-selling (follower) of prospective customers within the corporate sales process
Innovation Research Memo (2): Develop services that contribute to improving productivity in corporate sales, and work to expand business domains
■Company Overview 1. Company History Innovation ＜3970＞ was established in 2000 by Mr. Naoto Tomita (Tomida Naoto), the current president and CEO. After graduating from university in 1987, Mr. Tomita joined Recruit (currently Recruit Holdings ＜6098＞) and has been involved in sales related to new technology service businesses. As we engage in daily sales activities, we feel that there are many personal and inefficient parts, and we aim to improve efficiency by utilizing IT, and are a corporation
Innovation Research Memo (1): Expanding the profit base through the growth of the IFA business and entry into the M&A brokerage business
Innovation ＜3970＞ is developing various marketing support services using the Internet for the purpose of improving productivity in corporate sales.
Is it a send-off mood due to softness and lack of clue materials
[Emerging Markets Individual Stock Strategy] Today's emerging markets are expected to develop steadily. On the US stock market yesterday 28th, the Dow Average continued to rise slightly to 39,807.37 dollars, which rose by 47.29 dollars (+ 0.12%). Good results supported stock prices, such as an unexpected decline in the number of new unemployment insurance claims for the last week, and the fixed gross domestic product (GDP) value for the 10-12 fiscal year unexpectedly being revised upward. Meanwhile, in addition to rising interest rates, adjusted sales ahead of the 3 consecutive holidays starting the next day weighed on stock prices. Today's Emerging Markets
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