CREO CO.,LTD., First Half Ordinary Profit Decreases by 24%

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Wed Oct 23, 2024 3:00 pm JST Earnings

9698 CREO CO.,LTD. 【J-GAAP】

Earnings Report

CREO CO.,LTD. <9698> [TSE-S] announced its financial results after the market closed on October 23rd (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 24.3% from the same period last year to 331 million yen. The progress rate against the 1.14 billion yen full-year plan was 28.9%, also falling below the five-year average of 41.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 22.8% from the same period last year, reaching 814 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.6% from the same period last year, reaching 316 million yen. The operating profit margin improved from 7.4% in the same period last year to 8.6%.

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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
Apr - Sep, 2022	7,173	366	363	219	27.4	39.8	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	6,983	429	437	288	36.3	39.7	Oct 25, 2023	J-GAAP
Apr - Sep, 2024	6,955	322	331	209	26.6	28.9	Oct 23, 2024	J-GAAP
YoY	-0.4%	-24.9%	-24.3%	-27.4%	-26.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	7,050	350	351	240	30.7	0	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	6,955	322	331	209	26.6	0	Oct 23, 2024	J-GAAP
Revision Rate	-1.3%	-8.0%	-5.7%	-12.9%	-13.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,368	656	663	429	54.0	50	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,045	818	814	581	75.2	51	Oct 23, 2024	J-GAAP
YoY	+9.2%	+24.7%	+22.8%	+35.4%	+39.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,689	904	911	487	61.0	40	May 9, 2023	J-GAAP
Mar, 2024	14,351	1,085	1,100	717	90.3	50	May 8, 2024	J-GAAP
Mar, 2025 Guidance	15,000	1,140	1,145	790	102.2	51	May 8, 2024	J-GAAP
YoY	+4.5%	+5.1%	+4.1%	+10.2%	+13.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,579	264	271	176	22.2	7.4	Oct 25, 2023	J-GAAP
Oct - Dec, 2023	3,585	292	293	194	24.4	8.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	3,783	364	370	235	29.6	9.6	May 8, 2024	J-GAAP
Apr - Jun, 2024	3,283	5	15	6	0.8	0.2	Jul 24, 2024	J-GAAP
Jul - Sep, 2024	3,672	317	316	203	25.8	8.6	Oct 23, 2024	J-GAAP
YoY	+2.6%	+20.1%	+16.6%	+15.3%	+16.4%