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

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 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%

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