CAPCOM CO., LTD., First Half Ordinary Profit Decreases by 43%, July-September Ordinary Profit Decreases by 30%

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Tue Oct 29, 2024 3:20 pm JST Earnings

9697 CAPCOM CO., LTD. 【J-GAAP】

Earnings Report

CAPCOM CO., LTD. <9697> [TSE-P] announced its financial results after the market closed on October 29th (15:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 42.7% from the same period last year to 20.7 billion yen. The progress rate against the 63 billion yen full-year plan was 32.9%, also falling below the five-year average of 56.8%.

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 expand by 81.8% from the same period last year, reaching 42.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 7.21 billion yen, a 29.9% decrease compared to the same period last year. The operating profit margin decreased from 31.5% in the same period last year to 29.2%.

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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	49,067	21,895	22,996	16,142	38.2	44.8	Oct 26, 2022	J-GAAP
Apr - Sep, 2023	74,934	33,835	36,164	25,287	60.5	60.9	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	56,402	20,726	20,706	15,275	36.5	32.9	Oct 29, 2024	J-GAAP
YoY	-24.7%	-38.7%	-42.7%	-39.6%	-39.6%

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	－	18	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	56,402	20,726	20,706	15,275	36.5	18	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	77,476	23,246	23,258	18,087	43.3	21.50	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	108,598	43,274	42,294	30,725	73.5	18	Oct 29, 2024	J-GAAP
YoY	+40.2%	+86.2%	+81.8%	+69.9%	+69.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	125,930	50,812	51,369	36,737	87.4	31.50	May 10, 2023	J-GAAP
Mar, 2024	152,410	57,081	59,422	43,374	103.7	35	May 9, 2024	J-GAAP
Mar, 2025 Guidance	165,000	64,000	63,000	46,000	110.0	36	May 9, 2024	J-GAAP
YoY	+8.3%	+12.1%	+6.0%	+6.1%	+6.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	31,076	9,788	10,299	7,124	17.0	31.5	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	31,245	13,869	13,296	9,349	22.4	44.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	46,231	9,377	9,962	8,738	20.9	20.3	May 9, 2024	J-GAAP
Apr - Jun, 2024	29,597	12,889	13,487	9,975	23.9	43.5	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	26,805	7,837	7,219	5,300	12.7	29.2	Oct 29, 2024	J-GAAP
YoY	-13.7%	-19.9%	-29.9%	-25.6%	-25.6%