TradeWorks (3997) announced its consolidated financial results for the second quarter of 2024 (January-June 2024). The revenue was JPY 1.939 billion, a 20.7% increase YoY, operating loss was JPY 0.188 billion (loss of JPY 0.025 billion in the same period last year), ordinary loss was JPY 0.189 billion (loss of JPY 0.021 billion in the same period last year), and net loss for the period attributable to parent company shareholders was JPY 0.194 billion (loss of JPY 0.016 billion in the same period last year).

The sales of the financial solutions business were JPY 1.247 billion, an 8.4% decrease YoY due to the postponement of the release of some projects, which resulted in sales slightly below plan. However, the order situation for the U.S. stock net trading system and the lump-sum NISA system is proceeding smoothly.

The sales of the FX system business were JPY 0.094 billion, a 20.5% increase YoY. Although sales declined due to the delay in the development of the main "TRAdING STUDIO" smartphone app, the provision of CFD (contract for difference) system services continued to proceed smoothly.

The sales of the digital commerce business were JPY 0.094 billion. They are working to provide vulnerability diagnosis services widely, including web application automatic diagnosis service "SecuAlive" as API vulnerability diagnosis service, large-scale system and network diagnosis service and others. In addition, in the security diagnosis service business from this interim accounting period, they have started to provide a service for vulnerability diagnosis for major cloud services and other services. Based on their abundant technical knowledge of securities transaction system security measures, they identify the causes of problems such as cloud configuration problems and vulnerability alerts that occur during operations, and provide safe solutions and operational support, and service provision is proceeding smoothly. Furthermore, in the metaverse solution business, they are actively working on expanding sales of jointly-used and dedicated metaverse apps to educational and financial institutions such as school corporations.

The sales of the software consignment development and IT concierge service business were JPY 0.116 billion, a 4.5% increase YoY. Service provision for the development of production management areas, which is the main sales destination, is proceeding smoothly.

The sales of the core server/network design and construction, and system operation consulting business were JPY 0.387 billion. Systems services are still proceeding steadily for package software for government agencies/finance, energy fields such as electric power/gas, and medical fields.

For the full year ending December 2024, they maintain their initial plan with revenue of JPY 4.4 billion, up 17.2% YoY, operating profit of JPY 0.18 billion, up 475.4% YoY, ordinary profit of JPY 0.18 billion, up 336.4% YoY, and net income for the period attributable to parent company shareholders of JPY 0.11 billion.