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

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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	81.4	0	May 13, 2024	J-GAAP
YoY	+20.9%	+31.9%	+29.8%	+22.4%	+20.2%