C.S. LUMBER CO., INC, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 9% Decrease

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Tue Oct 15, 2024 3:00 pm JST Earnings

7808 C.S. LUMBER CO., INC 【J-GAAP】

Earnings Report

C.S. LUMBER CO., INC <7808> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending May 2025 (June to August) significantly dropped by 54.7% from the same period last year to 293 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 11.6%, from the previous forecast of 2.15 billion yen to 1.9 billion yen (compared to 2.08 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 8.7% decrease in profit.

At the same time, the June to November period (first half) consolidated ordinary profit has downwardly by 39.0%, from the previous forecast of 1.05 billion yen to 640 million yen (compared to 1.25 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 16.1% to 48.8%.

In the most recent three-month period, from June to August (1Q), the operating profit margin significantly dropped from 12.3% in the same period last year to 7.6%.

Kabutan News

Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Aug, 2022	6,639	925	919	616	334.9	51.1	Oct 17, 2022	J-GAAP
Jun - Aug, 2023	5,348	657	647	442	239.4	51.7	Oct 16, 2023	J-GAAP
Jun - Aug, 2024	4,427	336	293	198	107.5	45.8	Oct 15, 2024	J-GAAP
YoY	-17.2%	-48.9%	-54.7%	-55.2%	-55.1%

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Prev	11,500	1,250	1,050	735	397.4	0	Jul 16, 2024	J-GAAP
Jun - Nov, 2024 New	8,900	670	640	450	243.3	0	Oct 15, 2024	J-GAAP
Revision Rate	-22.6%	-46.4%	-39.0%	-38.8%	-38.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	23,000	2,300	2,150	1,480	800.1	80	Jul 16, 2024	J-GAAP
May, 2025 New	20,000	2,000	1,900	1,300	702.8	80	Oct 15, 2024	J-GAAP
Revision Rate	-13.0%	-13.0%	-11.6%	-12.2%	-12.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	10,866	1,292	1,251	855	462.4	0	Jan 15, 2024	J-GAAP
Jun - Nov, 2024 Guidance	8,900	670	640	450	243.3	0	Oct 15, 2024	J-GAAP
YoY	-18.1%	-48.1%	-48.8%	-47.4%	-47.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	24,547	3,248	3,182	2,235	1,212.0	80	Jul 14, 2023	J-GAAP
May, 2024	21,132	2,174	2,082	1,435	776.1	80	Jul 16, 2024	J-GAAP
May, 2025 Guidance	20,000	2,000	1,900	1,300	702.8	80	Oct 15, 2024	J-GAAP
YoY	-5.4%	-8.0%	-8.7%	-9.4%	-9.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	5,348	657	647	442	239.4	12.3	Oct 16, 2023	J-GAAP
Sep - Nov, 2023	5,518	635	604	413	223.4	11.5	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	4,965	444	439	304	164.4	8.9	Apr 15, 2024	J-GAAP
Mar - May, 2024	5,301	438	392	276	149.3	8.3	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	4,427	336	293	198	107.5	7.6	Oct 15, 2024	J-GAAP
YoY	-17.2%	-48.9%	-54.7%	-55.2%	-55.1%