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

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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%	－	－	－	－