CROSS PLUS INC., First Half Ordinary Profit Revised Upward by 65%

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Fri Sep 6, 2024 3:00 pm JST Revision

3320 CROSS PLUS INC. 【J-GAAP】

Guidance Update Report

CROSS PLUS INC. <3320> [TSE-S] announced a performance revision after the market closed on September 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) has been revised upward by 65.0%, from the previous forecast of 600 million yen to 990 million yen (compared to 1.14 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 47.6% to 13.5%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 1.35 billion yen(compared to 1.97 billion yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Prev	29,000	500	600	500	67.6	15	Mar 15, 2024	J-GAAP
Feb - Jul, 2024 New	29,600	890	990	750	101.4	15	Sep 6, 2024	J-GAAP
Revision Rate	+2.1%	+78.0%	+65.0%	+50.0%	+50.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2023	27,547	1,041	1,144	1,254	170.9	12	Sep 8, 2023	J-GAAP
Feb - Jul, 2024 Guidance	29,600	890	990	750	101.4	15	Sep 6, 2024	J-GAAP
YoY	+7.5%	-14.5%	-13.5%	-40.2%	-40.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	57,056	183	413	455	62.1	12	Mar 17, 2023	J-GAAP
Jan, 2024	60,190	1,797	1,974	2,064	280.5	27	Mar 15, 2024	J-GAAP
Jan, 2025 Guidance	62,000	1,200	1,350	1,100	148.7	30	Mar 15, 2024	J-GAAP
YoY	+3.0%	-33.2%	-31.6%	-46.7%	-47.0%