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CTS Co.,Ltd., First Half Ordinary Profit Increases by 13%, July-September Ordinary Profit Increases by 16%

Thu Oct 31, 2024 3:30 pm JST Earnings

4345 CTS Co.,Ltd. 【J-GAAP】

Earnings Report

CTS Co.,Ltd. <4345> [TSE-P] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.9% from the same period last year, reaching 1.4 billion yen. The progress rate against the 2.95 billion yen full-year plan was 47.7%, exceeding the five-year average of 44.4%.

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 nearly flat at 1.54 billion yen, up 0.3% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.7% from the same period last year, reaching 767 million yen. The operating profit margin rose from 25.4% in the same period last year to 25.7%.

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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 5,258 1,198 1,160 777 18.3 42.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 5,345 1,264 1,247 833 19.7 44.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 5,808 1,422 1,408 949 22.5 47.7 Oct 31, 2024 J-GAAP
YoY +8.7% +12.5% +12.9% +13.9% +14.6%

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 5,750 1,320 1,250 840 20.0 12.50 Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 5,808 1,422 1,408 949 22.5 12.50 Oct 31, 2024 J-GAAP
Revision Rate +1.0% +7.7% +12.6% +13.0% +12.6%

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 5,745 1,601 1,538 1,025 24.2 12.50 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,192 1,578 1,542 1,031 25.0 12.50 Oct 31, 2024 J-GAAP
YoY +7.8% -1.4% +0.3% +0.6% +3.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,797 2,691 2,722 1,758 41.5 22 Apr 28, 2023 J-GAAP
Mar, 2024 11,090 2,865 2,785 1,858 43.9 22.50 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 12,000 3,000 2,950 1,980 47.9 25 Apr 30, 2024 J-GAAP
YoY +8.2% +4.7% +5.9% +6.6% +9.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,748 698 663 445 10.5 25.4 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 2,898 868 875 591 14.0 30.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,847 733 663 434 10.3 25.7 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 2,751 636 641 427 10.1 23.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,057 786 767 522 12.4 25.7 Oct 31, 2024 J-GAAP
YoY +11.2% +12.6% +15.7% +17.3% +18.0%

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