Crossfor Co.,Ltd, Ordinary Profit/Loss Unexpectedly Turn to Loss for Last Fiscal Year, Aiming for Return to Profitability This Year

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Fri Sep 13, 2024 4:04 pm JST Earnings

7810 Crossfor Co.,Ltd 【J-GAAP】

Earnings Report

Crossfor Co.,Ltd <7810> [TSE-S] announced its financial results after the market closed on September 13th (16:04). The consolidated ordinary loss for the fiscal year ending July 2024 was loss of 6 million yen, a reduction in the deficit compared to loss of 6 million yen in the previous term, falling below the forecast of a 34 million yen, and tuning into a loss. For the fiscal year ending July 2025, the profit is expected to turn into a profit of 34 million yen.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary loss improved to a deficit of loss of 38 million yen (compared to a loss of 59 million yen in the same period last year). The operating profit/loss margin improved from -5.3% in the same period last year to -2.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2022	3,098	44	103	221	13.1	3.50	Sep 14, 2022	J-GAAP
Jul, 2023	3,006	-203	-224	-272	-16.1	0.75	Sep 14, 2023	J-GAAP
Jul, 2024	3,413	-16	-6	28	1.7	0.35	Sep 13, 2024	J-GAAP
YoY	+13.5%	+92.1%	+97.3%	－	－

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2024 Guidance	3,400	50	34	30	1.8	0.35	Sep 14, 2023	J-GAAP
Jul, 2024 Results	3,413	-16	-6	28	1.7	0.35	Sep 13, 2024	J-GAAP
Revision Rate	+0.4%	－	－	-6.7%	-5.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	1,635	-41	-36	-35	-2.1	0	Mar 15, 2024	J-GAAP
Aug - Jan, 2024 Guidance	ー	ー	ー	ー	－	0	Sep 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	3,006	-203	-224	-272	-16.1	0.75	Sep 14, 2023	J-GAAP
Jul, 2024	3,413	-16	-6	28	1.7	0.35	Sep 13, 2024	J-GAAP
Jul, 2025 Guidance	3,750	50	34	30	1.8	0.35	Sep 13, 2024	J-GAAP
YoY	+9.9%	－	－	+7.1%	+4.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	788	-42	-59	-60	-3.6	-5.3	Sep 14, 2023	J-GAAP
Aug - Oct, 2023	797	-9	8	10	0.6	-1.1	Dec 15, 2023	J-GAAP
Nov - Jan, 2023	838	-32	-44	-45	-2.7	-3.8	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	902	48	68	68	4.0	5.3	Jun 14, 2024	J-GAAP
May - Jul, 2024	876	-23	-38	-5	-0.3	-2.6	Sep 13, 2024	J-GAAP
YoY	+11.2%	+45.2%	+35.6%	+91.7%	+91.5%