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COVER Corporation, First Half Ordinary Profit Revised Upward by 29%

Tue Oct 29, 2024 4:00 pm JST Revision

5253 COVER Corporation 【J-GAAP】

Guidance Update Report

COVER Corporation <5253> [TSE-G] announced a performance revision after the market closed on October 29th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 29.1%, from the previous forecast of 2.4 billion yen to 3.1 billion yen (compared to 2.31 billion yen in the same period of the previous year), increasing the growth rate from 3.9% to 34.1%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 7.3 billion yen(compared to 5.62 billion yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 14,426 2,401 2,401 1,665 26.8 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 New 16,500 3,170 3,100 1,900 30.7 0 Oct 29, 2024 J-GAAP
Revision Rate +14.4% +32.0% +29.1% +14.1% +14.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 12,276 2,304 2,311 1,657 27.1 0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 Guidance 16,500 3,170 3,100 1,900 30.7 0 Oct 29, 2024 J-GAAP
YoY +34.4% +37.6% +34.1% +14.7% +13.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,451 3,417 3,385 2,508 42.0 0 May 12, 2023 J-GAAP
Mar, 2024 30,166 5,536 5,623 4,137 67.7 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 36,481 7,300 7,300 5,064 77.1 0 May 13, 2024 J-GAAP
YoY +20.9% +31.9% +29.8% +22.4% +14.0%

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