SHIFT (TSE:3697) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥110.6b (up 26% from FY 2023).
- Net income: JP¥5.13b (down 18% from FY 2023).
- Profit margin: 4.6% (down from 7.1% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: JP¥291 (down from JP¥355 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SHIFT Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan.
Performance of the Japanese IT industry.
The company's shares are up 7.0% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with SHIFT (including 1 which shouldn't be ignored).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSE:3697
SHIFT
Provides software quality assurance and testing solutions in Japan.
Flawless balance sheet with high growth potential.