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

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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	ー	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%	－	－	－	－