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COX CO.,LTD., First Half Ordinary Profit Decreases by 12%

Tue Oct 8, 2024 3:00 pm JST Earnings

9876 COX CO.,LTD. 【J-GAAP】

Earnings Report

COX CO.,LTD. <9876> [TSE-S] announced its financial results after the market closed on October 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 11.5% from the same period last year to 898 million yen. However, The progress rate against the 1.15 billion yen full-year plan was 78.1%, also surpassing the progress rate of 72.7% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to drop by 33.9% from the same period last year to 252 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 430 million yen, a 9.3% decrease compared to the same period last year. The operating profit margin decreased from 11.4% in the same period last year to 11.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 7,307 337 314 185 6.7 74.6 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 7,510 867 1,015 876 31.7 72.7 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 7,639 882 898 846 30.7 78.1 Oct 8, 2024 J-GAAP
YoY +1.7% +1.7% -11.5% -3.4% -3.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － － Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 7,639 882 898 846 30.7 － Oct 8, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 7,375 332 381 266 9.6 0 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 7,861 318 252 54 2.0 0 Oct 8, 2024 J-GAAP
YoY +6.6% -4.2% -33.9% -79.7% -79.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 14,859 427 421 207 7.5 0 Apr 12, 2023 J-GAAP
Feb, 2024 14,885 1,199 1,396 1,142 41.4 0 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 15,500 1,200 1,150 900 32.6 0 Apr 10, 2024 J-GAAP
YoY +4.1% +0.1% -17.6% -21.2% -21.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 3,557 404 474 445 16.1 11.4 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 3,726 279 363 263 9.5 7.5 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 3,649 53 18 3 0.1 1.5 Apr 10, 2024 J-GAAP
Mar - May, 2024 3,904 465 468 439 15.9 11.9 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 3,735 417 430 407 14.8 11.2 Oct 8, 2024 J-GAAP
YoY +5.0% +3.2% -9.3% -8.5% -8.5%

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