CURVES HOLDINGS Co., Ltd., 14% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 3 yen, This Fiscal Year to Increase Dividend by 2 yen

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Tue Oct 15, 2024 3:30 pm JST Earnings

7085 CURVES HOLDINGS Co., Ltd. 【J-GAAP】

Earnings Report

CURVES HOLDINGS Co., Ltd. <7085> [TSE-P] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary profit for the fiscal year ending August 2024 expanded to 42.5% from the previous period to 5.47 billion yen. For the fiscal year ending August 2025, the profit is expected to grow by 14.2% to 6.25 billion yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 12 yen to 15 yen (compared to 10 yen in the prior term), and has decided to increase the dividend this fiscal year to 17 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit grew by 16.1% from the same period last year, reaching 1 billion yen. The operating profit margin improved from 9.7% in the same period last year to 11.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	27,509	2,742	3,311	2,247	24.2	7	Oct 7, 2022	J-GAAP
Aug, 2023	30,022	3,851	3,841	2,551	27.7	10	Oct 11, 2023	J-GAAP
Aug, 2024	35,465	5,458	5,472	3,566	38.8	15	Oct 15, 2024	J-GAAP
YoY	+18.1%	+41.7%	+42.5%	+39.8%	+39.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	34,800	5,000	4,950	3,080	33.5	12	Mar 11, 2024	J-GAAP
Aug, 2024 Results	35,465	5,458	5,472	3,566	38.8	15	Oct 15, 2024	J-GAAP
Revision Rate	+1.9%	+9.2%	+10.5%	+15.8%	+15.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	17,028	2,809	2,792	1,805	19.6	6	Apr 9, 2024	J-GAAP
Sep - Feb, 2024 Guidance	18,200	3,025	3,015	1,900	20.6	8	Oct 15, 2024	J-GAAP
YoY	+6.9%	+7.7%	+8.0%	+5.3%	+5.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	30,022	3,851	3,841	2,551	27.7	10	Oct 11, 2023	J-GAAP
Aug, 2024	35,465	5,458	5,472	3,566	38.8	15	Oct 15, 2024	J-GAAP
Aug, 2025 Guidance	38,000	6,300	6,250	4,000	43.5	17	Oct 15, 2024	J-GAAP
YoY	+7.1%	+15.4%	+14.2%	+12.2%	+12.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	7,833	757	861	677	7.4	9.7	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	7,544	1,036	1,053	666	7.2	13.7	Jan 10, 2024	J-GAAP
Dec - Feb, 2023	9,484	1,773	1,739	1,139	12.4	18.7	Apr 9, 2024	J-GAAP
Mar - May, 2024	9,483	1,645	1,680	1,119	12.2	17.3	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	8,954	1,004	1,000	642	7.0	11.2	Oct 15, 2024	J-GAAP
YoY	+14.3%	+32.6%	+16.1%	-5.2%	-5.0%