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create restaurants holdings inc., First Half Net Income Increases by 5%

Fri Oct 11, 2024 4:30 pm JST Earnings

3387 create restaurants holdings inc. 【IFRS】

Earnings Report

create restaurants holdings inc. <3387> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 11th (16:30). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 5.1% from the same period last year, reaching 3.19 billion yen. The progress rate against the 6.1 billion yen full-year plan was 52.3%, it was below the five-year average of 111.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to expand by 45.1% from the same period last year, reaching 2.9 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income increased by 51.1% from the same period last year, reaching 1.34 billion yen. The operating profit margin improved from 3.2% in the same period last year to 5.5%.

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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 54,407 5,087 5,026 3,511 8.4 110.1 Oct 14, 2022 IFRS
Mar - Aug, 2023 72,982 4,159 3,926 3,037 7.2 59.2 Oct 13, 2023 IFRS
Mar - Aug, 2024 76,467 4,847 4,421 3,192 7.6 50.8 Oct 11, 2024 IFRS
YoY +4.8% +16.5% +12.6% +5.1% +5.0%

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 － 2 Apr 12, 2024 IFRS
Mar - Aug, 2024 Results 76,467 4,847 4,421 3,192 7.6 2 Oct 11, 2024 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 153,000 9,300 8,700 6,100 14.5 4 Apr 12, 2024 IFRS
Feb, 2025 New 156,000 9,300 8,700 6,100 14.5 4 Oct 11, 2024 IFRS
Revision Rate +2.0% 0.0% 0.0% 0.0% 0.0%

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 72,777 2,916 2,706 2,004 4.8 1.75 Apr 12, 2024 IFRS
Sep - Feb, 2024 Guidance 79,533 4,453 4,279 2,908 6.9 2 Oct 11, 2024 IFRS
YoY +9.3% +52.7% +58.1% +45.1% +44.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 118,240 5,083 4,565 3,385 8.1 3 Apr 14, 2023 IFRS
Feb, 2024 145,759 7,075 6,632 5,041 12.0 3.50 Apr 12, 2024 IFRS
Feb, 2025 Guidance 156,000 9,300 8,700 6,100 14.5 4 Oct 11, 2024 IFRS
YoY +7.0% +31.4% +31.2% +21.0% +20.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 36,375 1,178 1,002 887 2.1 3.2 Oct 13, 2023 IFRS
Sep - Nov, 2023 35,466 1,604 1,453 864 2.1 4.5 Jan 12, 2024 IFRS
Dec - Feb, 2023 37,311 1,312 1,253 1,140 2.7 3.5 Apr 12, 2024 IFRS
Mar - May, 2024 38,286 2,753 2,584 1,852 4.4 7.2 Jul 12, 2024 IFRS
Jun - Aug, 2024 38,181 2,094 1,837 1,340 3.2 5.5 Oct 11, 2024 IFRS
YoY +5.0% +77.8% +83.3% +51.1% +51.2%

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