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CINC Corp., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 8%, Exceeds Full-Year Plan

Fri Sep 13, 2024 4:00 pm JST Earnings

4378 CINC Corp. 【J-GAAP】

Earnings Report

CINC Corp. <4378> [TSE-G] announced its financial results after the market closed on September 13th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 8.5% from the same period last year, reaching 77 million yen. This has already exceeded the planned deficit of loss of 55 million yen for the .

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the August to October period (4Q) is expected to turn into a loss of 132 million yen (compared to a profit of 6 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the ordinary profit/loss turned to a profit of profit of 44 million yen (compared to a loss of 14 million yen in the same period last year). The operating profit/loss margin drastically improved from -3.0% in the same period last year to 8.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 1,320 213 212 139 42.0 72.9 Sep 13, 2022 J-GAAP
Nov - Jul, 2022 1,481 71 71 -3 -1.1 92.2 Sep 13, 2023 J-GAAP
Nov - Jul, 2023 1,483 77 77 60 18.1 Sep 13, 2024 J-GAAP
YoY +0.1% +8.5% +8.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 933 -7 -8 -3 -0.9 0 Dec 8, 2023 J-GAAP
May - Oct, 2024 Guidance 974 -88 -88 -59 -17.5 0 Jun 14, 2024 J-GAAP
YoY +4.4% -1,157.1% -1,000.0% -1,866.7% -1,760.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 1,805 292 291 201 60.3 0 Dec 9, 2022 J-GAAP
Oct, 2023 1,945 78 77 5 1.6 0 Dec 8, 2023 J-GAAP
Oct, 2024 Guidance 1,935 -55 -55 -37 -11.0 0 Jun 14, 2024 J-GAAP
YoY -0.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 469 -14 -14 -11 -4.1 -3.0 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 464 7 6 8 2.5 1.5 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 460 5 5 3 1.0 1.1 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 501 28 28 19 5.9 5.6 Jun 14, 2024 J-GAAP
May - Jul, 2024 522 44 44 38 11.5 8.4 Sep 13, 2024 J-GAAP
YoY +11.3%

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