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

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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	16.7	110.1	Oct 14, 2022	IFRS
Mar - Aug, 2023	72,982	4,159	3,926	3,037	14.5	59.2	Oct 13, 2023	IFRS
Mar - Aug, 2024	76,467	4,847	4,421	3,192	15.2	50.8	Oct 11, 2024	IFRS
YoY	+4.8%	+16.5%	+12.6%	+5.1%	+5.1%

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	－	4	Apr 12, 2024	IFRS
Mar - Aug, 2024 Results	76,467	4,847	4,421	3,192	15.2	4	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	29.0	8	Apr 12, 2024	IFRS
Feb, 2025 New	156,000	9,300	8,700	6,100	29.0	8	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	9.5	3.50	Apr 12, 2024	IFRS
Sep - Feb, 2024 Guidance	79,533	4,453	4,279	2,908	13.8	4	Oct 11, 2024	IFRS
YoY	+9.3%	+52.7%	+58.1%	+45.1%	+45.0%

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	16.1	6	Apr 14, 2023	IFRS
Feb, 2024	145,759	7,075	6,632	5,041	24.0	7	Apr 12, 2024	IFRS
Feb, 2025 Guidance	156,000	9,300	8,700	6,100	29.0	8	Oct 11, 2024	IFRS
YoY	+7.0%	+31.4%	+31.2%	+21.0%	+21.0%

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	4.2	3.2	Oct 13, 2023	IFRS
Sep - Nov, 2023	35,466	1,604	1,453	864	4.1	4.5	Jan 12, 2024	IFRS
Dec - Feb, 2023	37,311	1,312	1,253	1,140	5.4	3.5	Apr 12, 2024	IFRS
Mar - May, 2024	38,286	2,753	2,584	1,852	8.8	7.2	Jul 12, 2024	IFRS
Jun - Aug, 2024	38,181	2,094	1,837	1,340	6.4	5.5	Oct 11, 2024	IFRS
YoY	+5.0%	+77.8%	+83.3%	+51.1%	+50.9%