Roland Third Quarter 2024 Earnings: Misses Expectations

Roland (TSE:7944) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥22.9b (down 9.5% from 3Q 2023).
• Net income: JP¥594.0m (down 77% from 3Q 2023).
• Profit margin: 2.6% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: JP¥21.49 (down from JP¥93.73 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Roland Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 49%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Leisure industry in Japan.

Performance of the Japanese Leisure industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Roland that you should be aware of.

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