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

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%

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