CHORI CO.,LTD., First Half Ordinary Profit Increases by 12%

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Tue Oct 29, 2024 2:00 pm JST Earnings

8014 CHORI CO.,LTD. 【J-GAAP】

Earnings Report

CHORI CO.,LTD. <8014> [TSE-P] announced its financial results in the afternoon session on October 29th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.3% from the same period last year, reaching 8.56 billion yen. The progress rate against the 15 billion yen full-year plan was 57.1%, also surpassing the five-year average of 51.7%.

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 decrease by 6.0% from the same period last year to 6.44 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.7 billion yen, a 7.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.0% in the same period last year to 4.9%.

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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	168,472	6,765	7,383	4,789	194.7	59.4	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	152,906	7,796	7,625	5,020	204.0	52.7	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	154,455	7,384	8,560	7,038	285.6	57.1	Oct 29, 2024	J-GAAP
YoY	+1.0%	-5.3%	+12.3%	+40.2%	+40.0%

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	－	61	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	154,455	7,384	8,560	7,038	285.6	61	Oct 29, 2024	J-GAAP
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	154,793	7,243	6,851	4,604	187.0	60	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	165,545	7,616	6,440	2,962	120.2	61	Oct 29, 2024	J-GAAP
YoY	+6.9%	+5.1%	-6.0%	-35.7%	-35.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	329,389	12,656	12,437	8,124	330.2	105	Apr 28, 2023	J-GAAP
Mar, 2024	307,699	15,039	14,476	9,624	390.9	118	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	320,000	15,000	15,000	10,000	405.7	122	Apr 26, 2024	J-GAAP
YoY	+4.0%	-0.3%	+3.6%	+3.9%	+3.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	77,126	3,858	4,016	2,804	114.0	5.0	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	80,451	4,131	4,174	3,045	123.7	5.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	74,342	3,112	2,677	1,559	63.3	4.2	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	76,974	3,616	4,858	4,157	168.7	4.7	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	77,481	3,768	3,702	2,881	116.9	4.9	Oct 29, 2024	J-GAAP
YoY	+0.5%	-2.3%	-7.8%	+2.7%	+2.6%