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CHIYODA CO.,LTD, First Half Ordinary Profit Increases by 71%, Exceeds Full-Year Plan

Fri Oct 11, 2024 6:30 pm JST Earnings

8185 CHIYODA CO.,LTD 【J-GAAP】

Earnings Report

CHIYODA CO.,LTD <8185> [TSE-P] announced its financial results after the market closed on October 11th (18:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 1.82 billion yen, an increase of 70.9% compared to the same period last year. The progress rate against the full-year plan of 1.6 billion yen is 114.3%, already exceeding the target and also exceeding the same period of the previous year of 72.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a loss of 229 million yen (compared to a profit of 404 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 146 million yen (compared to a loss of 454 million yen in the same period last year). The operating profit/loss margin improved from -2.6% in the same period last year to 0.3%.

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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 46,268 -832 -714 -1,075 -30.7 ー Oct 12, 2022 J-GAAP
Mar - Aug, 2023 48,089 927 1,070 830 23.7 72.6 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 48,854 1,614 1,829 1,588 45.2 114.3 Oct 11, 2024 J-GAAP
YoY +1.6% +74.1% +70.9% +91.3% +91.0%

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 48,854 1,614 1,829 1,588 45.1 17 Oct 10, 2024 J-GAAP
Mar - Aug, 2024 Results 48,854 1,614 1,829 1,588 45.2 17 Oct 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 45,231 144 404 1,021 29.1 14 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 46,396 -364 -229 -188 -5.3 17 Oct 10, 2024 J-GAAP
YoY +2.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 92,119 -2,234 -1,942 -2,602 -74.2 28 Apr 14, 2023 J-GAAP
Feb, 2024 93,320 1,071 1,474 1,851 52.7 28 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 95,250 1,250 1,600 1,400 39.8 34 Apr 12, 2024 J-GAAP
YoY +2.1% +16.7% +8.5% -24.4% -24.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 22,601 -584 -454 -419 -11.9 -2.6 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 22,946 785 955 1,130 32.2 3.4 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 22,285 -641 -551 -109 -3.1 -2.9 Apr 12, 2024 J-GAAP
Mar - May, 2024 25,680 1,538 1,683 1,334 38.0 6.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 23,174 76 146 254 7.2 0.3 Oct 11, 2024 J-GAAP
YoY +2.5% － － － －

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