kabutan

CAWACHI LIMITED, The Current Fiscal Year Ordinary Profit Revised Downward by 3%

Fri Oct 25, 2024 3:00 pm JST Earnings

2664 CAWACHI LIMITED 【J-GAAP】

Earnings Report

CAWACHI LIMITED <2664> [TSE-P] announced its financial results after the market closed on October 25th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.6% from the same period last year to 4.54 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.7% increase.

In addition, the full-year consolidated ordinary profit has downwardly by 3.3%, from the previous forecast of 9 billion yen to 8.7 billion yen (compared to 8.6 billion yen in the previous period), leading to a reduction in the profit growth rate from 4.5% to 1.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 12.6% from the same period last year, reaching 4.15 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.72 billion yen, a 5.5% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.5% in the same period last year to 3.3%.

Kabutan News

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 142,559 4,030 4,568 2,811 125.9 59.5 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 145,934 4,392 4,917 3,047 136.5 57.1 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 147,376 4,107 4,543 2,715 121.6 52.2 Oct 25, 2024 J-GAAP
YoY +1.0% -6.5% -7.6% -10.9% -10.9%

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 149,000 4,500 5,000 3,200 143.3 0 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 147,376 4,107 4,543 2,715 121.6 0 Oct 25, 2024 J-GAAP
Revision Rate -1.1% -8.7% -9.1% -15.2% -15.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 292,000 8,000 9,000 5,700 255.2 80 Apr 26, 2024 J-GAAP
Mar, 2025 New 289,000 7,800 8,700 5,400 241.8 80 Oct 25, 2024 J-GAAP
Revision Rate -1.0% -2.5% -3.3% -5.3% -5.3%

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 140,026 3,209 3,692 1,666 74.6 80 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 141,624 3,693 4,157 2,685 120.2 80 Oct 25, 2024 J-GAAP
YoY +1.1% +15.1% +12.6% +61.2% +61.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 281,871 6,611 7,672 4,177 187.1 50 Apr 28, 2023 J-GAAP
Mar, 2024 285,960 7,601 8,609 4,713 211.0 80 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 289,000 7,800 8,700 5,400 241.8 80 Oct 25, 2024 J-GAAP
YoY +1.1% +2.6% +1.1% +14.6% +14.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 75,370 2,638 2,882 1,734 77.7 3.5 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 69,896 1,681 1,963 1,259 56.4 2.4 Jan 25, 2024 J-GAAP
Jan - Mar, 2024 70,130 1,528 1,729 407 18.2 2.2 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 71,336 1,605 1,820 1,180 52.9 2.2 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 76,040 2,502 2,723 1,535 68.8 3.3 Oct 25, 2024 J-GAAP
YoY +0.9% -5.2% -5.5% -11.5% -11.5%

Related Articles