f-code Full Year 2024 Earnings: Beats Expectations

f-code (TSE:9211) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥5.13b (up 107% from FY 2023).
• Net income: JP¥905.0m (up 87% from FY 2023).
• Profit margin: 18% (down from 20% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥77.88 (up from JP¥46.89 in FY 2023).

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

f-code Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan.

Performance of the Japanese IT industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for f-code (1 makes us a bit uncomfortable!) that you need to take into consideration.

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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.