Orchestra Holdings <6533> announced its consolidated financial results for the third quarter of the fiscal year ending December 2024 (January-September 24) on the 14th. Revenue increased by 14.7% year-on-year to 10.15 billion yen, operating profit increased by 15.0% to 0.608 billion yen, ordinary profit increased by 9.9% to 0.593 billion yen, and net profit attributable to parent company shareholders for the quarter increased by 6.5% to 0.295 billion yen.
The revenue of the Digital Transformation Business increased by 24.5% year-on-year to 5.002 billion yen, and the segment profit (operating profit) increased by 54.4% to 0.331 billion yen. In response to the diversification and sophistication of IT utilization, it secured expanding IT demand, and won projects such as cloud integration, software testing, and various web system development.
The revenue of the Digital Marketing Business increased by 2.4% to 4.216 billion yen, and the segment profit (operating profit) increased by 1.5% to 1.438 billion yen. While actively investing in personnel, it advanced initiatives to increase orders from existing customers and acquire new customers, focusing on performance-based advertising, amidst a robustly growing internet advertising market, and also incorporating the growth of acquired companies through M&A.
The revenue of other businesses increased by 21.7% to 1 billion yen, while the segment loss (operating loss) amounted to 0.018 billion yen (compared to a loss of 0.055 billion yen in the previous year's same period). The company is engaged in platform business focused on the leading "Chatable Fortune-Telling App - Urara", development and sales of Talent Management System "Skillnavi", as well as new business initiatives.
In the full-year consolidated performance forecast for the fiscal year ending December 2024, the company maintains the initial plan with revenue expected to increase by 15.6% to 14 billion yen, operating profit to increase by 30.6% to 1 billion yen, ordinary profit to increase by 28.8% to 1 billion yen, and net income attributable to parent company shareholders to increase by 16.0% to 0.55 billion yen.