CENTRAL SECURITY PATROLS CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 0.4％

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Fri Oct 11, 2024 4:45 pm JST Earnings

9740 CENTRAL SECURITY PATROLS CO.,LTD. 【J-GAAP】

Earnings Report

CENTRAL SECURITY PATROLS CO.,LTD. <9740> [TSE-P] announced its financial results after the market closed on October 11th (16:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 2.34 billion yen, a 0.4% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.1% decrease.

The progress rate against the 4.55 billion yen full-year plan was 51.6%, almost the same as the five-year average of 52.0%.

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 nearly flat of 0.3% from the same period last year, reaching 2.2 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 16.7% from the same period last year, reaching 882 million yen. The operating profit margin improved from 4.2% in the same period last year to 4.7%.

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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	31,828	1,937	2,163	1,252	85.9	48.7	Oct 12, 2022	J-GAAP
Mar - Aug, 2023	33,700	2,227	2,336	4,461	305.8	51.5	Oct 12, 2023	J-GAAP
Mar - Aug, 2024	34,798	2,241	2,346	1,819	124.7	51.6	Oct 11, 2024	J-GAAP
YoY	+3.3%	+0.6%	+0.4%	-59.2%	-59.2%

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	34,600	2,000	2,100	1,300	89.1	30	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	34,798	2,241	2,346	1,819	124.7	30	Oct 11, 2024	J-GAAP
Revision Rate	+0.6%	+12.0%	+11.7%	+39.9%	+39.9%

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	34,310	2,089	2,197	920	63.1	30	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	34,402	2,109	2,204	1,031	71.1	30	Oct 11, 2024	J-GAAP
YoY	+0.3%	+1.0%	+0.3%	+12.1%	+12.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	64,824	3,976	4,444	2,586	177.3	50	Apr 12, 2023	J-GAAP
Feb, 2024	68,010	4,316	4,533	5,381	368.8	60	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	69,200	4,350	4,550	2,850	196.7	60	Apr 12, 2024	J-GAAP
YoY	+1.7%	+0.8%	+0.4%	-47.0%	-46.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	15,969	665	756	3,532	242.1	4.2	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	16,408	1,056	1,085	642	44.0	6.4	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	17,902	1,033	1,112	278	19.1	5.8	Apr 12, 2024	J-GAAP
Mar - May, 2024	17,481	1,432	1,464	880	60.3	8.2	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	17,317	809	882	939	64.4	4.7	Oct 11, 2024	J-GAAP
YoY	+8.4%	+21.7%	+16.7%	-73.4%	-73.4%