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CEL Corporation, First Half Ordinary Profit Increases by 16%, June-Augus Ordinary Profit Increases by 2.5 times

Fri Oct 11, 2024 2:00 pm JST Earnings

5078 CEL Corporation 【J-GAAP】

Earnings Report

CEL Corporation <5078> [TSE-S] announced its financial results in the afternoon session on October 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 15.8% from the same period last year, reaching 1.12 billion yen. The progress rate against the 1.76 billion yen full-year plan was 63.9%, also surpassing the progress rate of 58.7% 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 decrease by 7.0% from the same period last year to 636 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit surged to 2.5 times that of the same period last year, reaching 784 million yen. The operating profit margin drastically improved from 5.7% 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 10,222 632 649 424 123.9 51.8 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 12,162 956 974 655 189.2 58.7 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 11,585 1,108 1,128 786 231.7 63.9 Oct 11, 2024 J-GAAP
YoY -4.7% +15.9% +15.8% +20.0% +22.5%

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 11,585 1,108 1,129 786 232.0 0 Sep 26, 2024 J-GAAP
Mar - Aug, 2024 Results 11,585 1,108 1,128 786 231.7 0 Oct 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% -0.1% 0.0% -0.2%

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 10,941 681 684 454 132.0 105 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 13,408 654 636 401 118.4 105 Oct 11, 2024 J-GAAP
YoY +22.5% -4.0% -7.0% -11.7% -10.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 21,375 1,233 1,254 853 247.6 80 Apr 14, 2023 J-GAAP
Feb, 2024 23,103 1,637 1,658 1,109 322.5 105 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 24,993 1,762 1,764 1,187 350.4 105 Apr 12, 2024 J-GAAP
YoY +8.2% +7.6% +6.4% +7.0% +8.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 5,285 303 319 221 63.8 5.7 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 5,223 319 322 224 64.9 6.1 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 5,718 362 362 230 66.9 6.3 Apr 12, 2024 J-GAAP
Mar - May, 2024 4,775 342 344 221 65.1 7.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 6,810 766 784 565 166.5 11.2 Oct 11, 2024 J-GAAP
YoY +28.9% +152.8% +145.8% +155.7% +160.9%

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