coconala Inc., Last Fiscal Year Ordinary Profit Revised Downward by 6%

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Thu Oct 10, 2024 4:00 pm JST Revision

4176 coconala Inc. 【J-GAAP】

Guidance Update Report

coconala Inc. <4176> [TSE-G] announced a performance revision after the market closed on October 10th (16:00). The consolidated ordinary profit for the fiscal year ending August 2024 has downwardly by 6.3%, from the previous forecast of 240 million yen to 225 million yen (compared to a loss of 168 million yen in the previous period). However, the full-year consolidated net income has been revised upward by 62.0%, from the previous forecast of 150 million yen to 243 million yen (compared to a loss of 75 million yen in the previous period). The company has further increased its previous forecast of record profits for the first time in six years.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the March to August period (second half) consolidated ordinary profit has downwardly by 17.9%, from the previous forecast of 84 million yen to 69 million yen (compared to 24 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 3.5 times to 2.9 times.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Prev	3,792	85	84	11	0.5	0	May 16, 2024	J-GAAP
Mar - Aug, 2024 New	3,810	119	69	104	4.0	0	Oct 10, 2024	J-GAAP
Revision Rate	+0.5%	+40.0%	-17.9%	+845.5%	+778.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Prev	6,570	270	240	150	6.3	0	May 16, 2024	J-GAAP
Aug, 2024 New	6,588	304	225	243	9.5	0	Oct 10, 2024	J-GAAP
Revision Rate	+0.3%	+12.6%	-6.3%	+62.0%	+50.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2023	2,484	22	24	32	1.4	0	Oct 13, 2023	J-GAAP
Mar - Aug, 2024 Guidance	3,810	119	69	104	4.0	0	Oct 10, 2024	J-GAAP
YoY	+53.4%	+440.9%	+187.5%	+225.0%	+194.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	3,837	-515	-511	-494	-21.3	0	Oct 14, 2022	J-GAAP
Aug, 2023	4,679	-126	-168	-75	-3.2	0	Oct 13, 2023	J-GAAP
Aug, 2024 Guidance	6,588	304	225	243	9.5	0	Oct 10, 2024	J-GAAP
YoY	+40.8%	－	－	－	－