CHUBU SHIRYO CO.,LTD., First Half Ordinary Profit Increases by 2.6 times, July-September Ordinary Profit Increases by 2.4 times

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Thu Oct 31, 2024 2:00 pm JST Earnings

2053 CHUBU SHIRYO CO.,LTD. 【J-GAAP】

Earnings Report

CHUBU SHIRYO CO.,LTD. <2053> [TSE-P] announced its financial results in the afternoon session on October 31st (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.6 times that of the same period last year, reaching 2.43 billion yen. The progress rate against the 4.6 billion yen full-year plan was 52.8%, almost the same as the five-year average of 50.0%.

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 drop by 38.4% from the same period last year to 2.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.4 times that of the same period last year, reaching 1.38 billion yen. The operating profit margin improved from 0.9% in the same period last year to 2.6%.

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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	115,821	1,153	1,394	272	9.2	67.4	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	118,680	680	943	764	25.9	21.1	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	103,445	2,186	2,431	1,805	61.1	52.8	Oct 31, 2024	J-GAAP
YoY	-12.8%	+221.5%	+157.8%	+136.3%	+136.0%

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	－	25	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	103,445	2,186	2,431	1,805	61.1	25	Oct 31, 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	115,547	3,252	3,521	2,563	86.7	23	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	105,555	2,014	2,169	1,595	53.9	25	Oct 31, 2024	J-GAAP
YoY	-8.6%	-38.1%	-38.4%	-37.8%	-37.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	243,476	1,670	2,069	827	28.0	34	May 8, 2023	J-GAAP
Mar, 2024	234,227	3,932	4,464	3,327	112.6	40	May 7, 2024	J-GAAP
Mar, 2025 Guidance	209,000	4,200	4,600	3,400	115.0	50	May 7, 2024	J-GAAP
YoY	-10.8%	+6.8%	+3.0%	+2.2%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	57,668	511	584	520	17.6	0.9	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	61,369	942	1,141	824	27.9	1.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	54,178	2,310	2,380	1,739	58.8	4.3	May 7, 2024	J-GAAP
Apr - Jun, 2024	52,104	836	1,045	794	26.9	1.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	51,341	1,350	1,386	1,011	34.2	2.6	Oct 31, 2024	J-GAAP
YoY	-11.0%	+164.2%	+137.3%	+94.4%	+94.2%