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CAR MATE MFG.CO.,LTD, First Half Ordinary Profit Turns to Profit

Wed Oct 30, 2024 4:00 pm JST Earnings

7297 CAR MATE MFG.CO.,LTD 【J-GAAP】

Earnings Report

CAR MATE MFG.CO.,LTD <7297> [TSE-S] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 55 million yen (compared to a loss of 67 million yen in the same period last year). However, The progress rate against the 807 million yen full-year plan was 6.8%, also falling below the five-year average of 31.3%.

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 93.8% from the same period last year, reaching 752 million yen.

In the most recent three-month period, from July to September (2Q), the operating profit/loss margin improved from -1.1% in the same period last year to 1.6%.

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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 7,052 -36 96 14 2.1 16.4 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 7,314 -128 -67 -54 -7.8 ー Oct 30, 2023 J-GAAP
Apr - Sep, 2024 7,148 38 55 19 2.7 6.8 Oct 30, 2024 J-GAAP
YoY -2.3% － － － －

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 － 15 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 7,148 38 55 19 2.7 15 Oct 30, 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 8,641 347 388 266 37.8 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,548 713 752 508 72.0 15 Oct 30, 2024 J-GAAP
YoY +10.5% +105.5% +93.8% +91.0% +90.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,648 473 585 361 51.3 30 May 12, 2023 J-GAAP
Mar, 2024 15,955 219 321 212 30.1 30 May 15, 2024 J-GAAP
Mar, 2025 Guidance 16,696 751 807 527 74.7 30 May 15, 2024 J-GAAP
YoY +4.6% +242.9% +151.4% +148.6% +148.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,948 -42 -37 -29 -4.2 -1.1 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 5,328 595 634 438 62.1 11.2 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 3,313 -248 -246 -172 -24.4 -7.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,374 -21 55 19 2.8 -0.6 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 3,774 59 0 0 -0.1 1.6 Oct 30, 2024 J-GAAP
YoY -4.4% － － － +97.4%

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