CANOX CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Dividend Revised Upward by 4 yen

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Fri Nov 1, 2024 2:40 pm JST Earnings

8076 CANOX CORPORATION 【J-GAAP】

Earnings Report

CANOX CORPORATION <8076> [TSE-S] announced its financial results in the afternoon session on November 1st (14:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.4% from the same period last year to 1.45 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 11.1%, from the previous forecast of 2.52 billion yen to 2.8 billion yen (compared to 2.83 billion yen in the previous period), and the declining rate is expected to decrease from 11.1% to 1.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 5.2% from the same period last year, reaching 1.34 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 94 yen to 98 yen (compared to 101 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 700 million yen, a 8.5% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 1.7% 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	66,719	1,085	1,182	803	82.2	46.0	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	86,204	1,376	1,553	1,067	109.2	54.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	85,231	1,274	1,453	1,011	112.5	51.9	Nov 1, 2024	J-GAAP
YoY	-1.1%	-7.4%	-6.4%	-5.2%	+3.0%

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	89,300	1,041	1,173	792	88.1	47	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	85,231	1,274	1,453	1,011	112.5	48	Nov 1, 2024	J-GAAP
Revision Rate	-4.6%	+22.4%	+23.9%	+27.7%	+27.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	184,213	2,298	2,520	1,715	188.4	94	Apr 30, 2024	J-GAAP
Mar, 2025 New	178,607	2,532	2,800	1,930	212.1	98	Nov 1, 2024	J-GAAP
Revision Rate	-3.0%	+10.2%	+11.1%	+12.5%	+12.5%

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	86,281	1,153	1,281	885	91.9	52	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	93,376	1,258	1,347	919	101.0	50	Nov 1, 2024	J-GAAP
YoY	+8.2%	+9.1%	+5.2%	+3.8%	+9.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	151,674	2,361	2,567	1,777	181.8	95	Apr 28, 2023	J-GAAP
Mar, 2024	172,485	2,529	2,834	1,952	202.6	101	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	178,607	2,532	2,800	1,930	212.1	98	Nov 1, 2024	J-GAAP
YoY	+3.5%	+0.1%	-1.2%	-1.1%	+4.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	43,108	740	765	521	53.3	1.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	45,669	527	662	466	47.7	1.2	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	40,612	626	619	419	43.5	1.5	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	41,780	579	753	536	60.0	1.4	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	43,451	695	700	475	52.8	1.6	Nov 1, 2024	J-GAAP
YoY	+0.8%	-6.1%	-8.5%	-8.8%	-0.9%