CUC Inc., First Half Net Income Increases by 93%, July-September Net Income Increases by 87%

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Mon Oct 28, 2024 3:00 pm JST Earnings

9158 CUC Inc. 【IFRS】

Earnings Report

CUC Inc. <9158> [TSE-G] announced its financial results (based on IFRS) after the market closed on October 28th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2 billion yen, an increase of 93.4% compared to the same period last year. The progress rate against the 2.2 billion yen full-year plan was 91.3%, also surpassing the three-year average of 55.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop by 87.7% from the same period last year to 191 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 87.3% from the same period last year, reaching 1.04 billion yen. The operating profit margin rose from 12.3% in the same period last year to 15.5%.

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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, 2023	15,346	1,778	1,680	1,039	40.1	40.6	Oct 25, 2023	IFRS
Apr - Sep, 2024	21,611	3,047	3,180	2,009	68.5	88.3	Oct 28, 2024	IFRS
YoY	+40.8%	+71.4%	+89.3%	+93.4%	+70.9%

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	ー	ー	ー	ー	－	0	Apr 24, 2024	IFRS
Apr - Sep, 2024 Results	21,611	3,047	3,180	2,009	68.5	0	Oct 28, 2024	IFRS
Revision Rate	－	－	－	－	－

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	17,679	1,959	2,458	1,556	56.4	0	Apr 24, 2024	IFRS
Oct - Mar, 2024 Guidance	21,289	953	420	191	6.5	0	Oct 28, 2024	IFRS
YoY	+20.4%	-51.4%	-82.9%	-87.7%	-88.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	33,025	3,737	4,138	2,595	94.0	0	Apr 24, 2024	IFRS
Mar, 2025 Guidance	42,900	4,000	3,600	2,200	75.1	0	Apr 24, 2024	IFRS
YoY	+29.9%	+7.0%	-13.0%	-15.2%	-20.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,683	944	887	557	21.5	12.3	Oct 25, 2023	IFRS
Oct - Dec, 2023	8,022	842	751	461	17.0	10.5	Jan 29, 2024	IFRS
Jan - Mar, 2024	9,657	1,117	1,707	1,095	39.7	11.6	Apr 24, 2024	IFRS
Apr - Jun, 2024	10,597	1,341	1,586	966	32.9	12.7	Jul 24, 2024	IFRS
Jul - Sep, 2024	11,014	1,706	1,594	1,043	35.6	15.5	Oct 28, 2024	IFRS
YoY	+43.4%	+80.7%	+79.7%	+87.3%	+65.5%