CAN DO CO.,LTD., First Half Ordinary Profit Decreases by 38%, June-Augus Ordinary Profit Loss Widens

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Tue Oct 8, 2024 3:30 pm JST Earnings

2698 CAN DO CO.,LTD. 【J-GAAP】

Earnings Report

CAN DO CO.,LTD. <2698> [TSE-S] announced its financial results after the market closed on October 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 37.7% from the same period last year to 149 million yen. The progress rate against the 500 million yen full-year plan was 29.8%, also falling below the same period of the previous year of 80.7%.

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 surge by 6.2 times that of the same period last year, reaching 351 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary loss expanded to a loss of 169 million yen (compared to a loss of 32 million yen in the same period last year). However, the operating profit/loss margin improved from -0.2% in the same period last year to 0.5%.

Kabutan News

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
Dec - May, 2021 Changed	36,872	475	514	211	13.3	81.2	Jul 5, 2022	J-GAAP
Mar - Aug, 2023	39,536	212	239	-159	-10.0	80.7	Oct 10, 2023	J-GAAP
Mar - Aug, 2024	41,769	418	149	-243	-15.2	29.8	Oct 8, 2024	J-GAAP
YoY	+5.6%	+97.2%	-37.7%	-52.8%	-52.3%

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	－	8.50	Apr 9, 2024	J-GAAP
Mar - Aug, 2024 Results	41,769	418	149	-243	-15.2	8.50	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	40,821	30	57	-1,007	-63.0	8.50	Apr 9, 2024	J-GAAP
Sep - Feb, 2024 Guidance	43,231	32	351	283	17.7	8.50	Oct 8, 2024	J-GAAP
YoY	+5.9%	+6.7%	+515.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023 Changed	93,150	538	633	-343	-21.5	17	Apr 11, 2023	J-GAAP
Feb, 2024	80,357	242	296	-1,166	-73.0	17	Apr 9, 2024	J-GAAP
Feb, 2025 Guidance	85,000	450	500	40	2.5	17	Apr 9, 2024	J-GAAP
YoY	+5.8%	+86.0%	+68.9%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	19,606	-42	-32	-210	-13.2	-0.2	Oct 10, 2023	J-GAAP
Sep - Nov, 2023	20,125	90	109	-41	-2.6	0.4	Jan 10, 2024	J-GAAP
Dec - Feb, 2023	20,696	-60	-52	-966	-60.5	-0.3	Apr 9, 2024	J-GAAP
Mar - May, 2024	20,920	311	318	79	5.0	1.5	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	20,849	107	-169	-322	-20.1	0.5	Oct 8, 2024	J-GAAP
YoY	+6.3%	－	-428.1%	-53.3%	-52.8%