Chuo Gyorui Co., Ltd., First Half Ordinary Profit Increases by 70%, July-September Ordinary Profit Increases by 67%

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Thu Oct 31, 2024 4:00 pm JST Earnings

8030 Chuo Gyorui Co., Ltd. 【J-GAAP】

Earnings Report

Chuo Gyorui Co., Ltd. <8030> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.24 billion yen, an increase of 69.6% compared to the same period last year. The progress rate against the 2.8 billion yen full-year plan was 80.2%, also surpassing 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 significant drop by 55.8% from the same period last year to 554 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 67.1% from the same period last year, reaching 926 million yen. The operating profit margin improved from 1.8% 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	65,361	1,264	1,388	898	224.9	65.3	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	64,313	1,191	1,324	1,161	290.7	51.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	73,012	2,079	2,246	1,438	360.0	80.2	Oct 31, 2024	J-GAAP
YoY	+13.5%	+74.6%	+69.6%	+23.9%	+23.8%

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	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	73,012	2,079	2,246	1,438	360.0	－	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	73,275	1,274	1,252	973	243.7	80	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	63,688	421	554	562	140.7	90	Oct 31, 2024	J-GAAP
YoY	-13.1%	-67.0%	-55.8%	-42.2%	-42.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	137,482	2,014	2,127	1,387	347.4	70	May 15, 2023	J-GAAP
Mar, 2024	137,588	2,465	2,576	2,134	534.4	80	May 14, 2024	J-GAAP
Mar, 2025 Guidance	136,700	2,500	2,800	2,000	500.7	90	May 14, 2024	J-GAAP
YoY	-0.6%	+1.4%	+8.7%	-6.3%	-6.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	31,752	567	554	690	172.8	1.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	42,463	888	962	597	149.5	2.1	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	30,812	386	290	376	94.2	1.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	36,563	1,123	1,320	791	198.2	3.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	36,449	956	926	647	162.0	2.6	Oct 31, 2024	J-GAAP
YoY	+14.8%	+68.6%	+67.1%	-6.2%	-6.2%