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

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%

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