CUMICA CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 37%, Dividend Revised down by 2 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Oct 15, 2024 3:00 pm JST Earnings

8887 CUMICA CORPORATION 【J-GAAP】

Earnings Report

CUMICA CORPORATION <8887> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The ordinary profit/loss (non-consolidated) for the first quarter of the fiscal year ending May 2025 (June to August) turned into a loss of 8 million yen (compared to a profit of 94 million yen in the same period last year).

In addition, the full-year ordinary profit has downwardly by 36.9%, from the previous forecast of 179 million yen to 113 million yen (compared to 302 million yen in the previous period), leading to an increase in the profit decline rate from 40.7% to 62.6%.

Due to a decline in performance, the dividend for the first half of this fiscal year has been significantly reduced from the original plan of 3 yen to 2 yen, and the dividend for the second half has also been revised downward from the original plan of 3 yen to 2 yen. The annual dividend has been reduced from the original plan of 6 yen to 4 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from June to August (1Q), the operating profit/loss margin drastically worsened from 10.2% in the same period last year to -5.3%.

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	1,975	517	538	373	35.3	66.2	Oct 12, 2022	J-GAAP
Jun - Aug, 2023	944	96	94	-9	-0.9	67.6	Oct 12, 2023	J-GAAP
Jun - Aug, 2024	551	-29	-8	-13	-1.3	ー	Oct 15, 2024	J-GAAP
YoY	-41.6%	－	－	-44.4%	-50.6%

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	ー	ー	ー	ー	－	3	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 New	ー	ー	ー	ー	－	2	Oct 15, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	4,960	202	179	124	10.3	6	Jul 12, 2024	J-GAAP
May, 2025 New	4,674	143	113	79	6.6	4	Oct 15, 2024	J-GAAP
Revision Rate	-5.8%	-29.2%	-36.9%	-36.3%	-36.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	2,219	146	139	24	2.3	20	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	2	Oct 15, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	7,444	1,083	1,081	765	72.3	40	Jul 31, 2023	J-GAAP
May, 2024	4,765	295	302	212	20.1	30	Jul 12, 2024	J-GAAP
May, 2025 Guidance	4,674	143	113	79	6.6	4	Oct 15, 2024	J-GAAP
YoY	-1.9%	-51.5%	-62.6%	-62.7%	-67.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	944	96	94	-9	-0.9	10.2	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	1,275	50	45	33	3.1	3.9	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	237	-107	-85	-97	-9.3	-45.1	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,309	256	248	285	27.0	11.1	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	551	-29	-8	-13	-1.3	-5.3	Oct 15, 2024	J-GAAP
YoY	-41.6%	－	－	-44.4%	-50.6%