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Cominix Co.,Ltd., First Half Ordinary Profit Decreases by 3%

Fri Nov 1, 2024 3:30 pm JST Earnings

3173 Cominix Co.,Ltd. 【J-GAAP】

Earnings Report

Cominix Co.,Ltd. <3173> [TSE-S] announced its financial results after the market closed on November 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 3.3% from the same period last year to 318 million yen. The progress rate against the 827 million yen full-year plan was 38.5%, also falling below the five-year average of 50.1%.

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 509 million yen, down 0.4% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.6% from the same period last year, reaching 220 million yen. The operating profit margin improved from 1.7% in the same period last year to 2.7%.

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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 14,173 436 590 423 61.6 56.0 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 13,943 249 329 183 26.8 39.2 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 14,041 240 318 165 24.0 38.5 Nov 1, 2024 J-GAAP
YoY +0.7% -3.6% -3.3% -9.8% -10.2%

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 14,600 340 329 270 39.3 15 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 14,041 240 318 165 24.0 15 Nov 1, 2024 J-GAAP
Revision Rate -3.8% -29.4% -3.3% -38.9% -38.8%

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 14,701 503 511 356 51.9 18 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,959 610 509 449 65.4 20 Nov 1, 2024 J-GAAP
YoY +8.6% +21.3% -0.4% +26.1% +26.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 28,853 948 1,054 742 108.2 33 May 10, 2023 J-GAAP
Mar, 2024 28,644 752 840 539 78.6 33 May 9, 2024 J-GAAP
Mar, 2025 Guidance 30,000 850 827 614 89.4 35 May 9, 2024 J-GAAP
YoY +4.7% +13.0% -1.5% +13.9% +13.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,930 121 187 114 16.7 1.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 7,582 274 270 188 27.4 3.6 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 7,119 229 241 168 24.5 3.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 6,944 49 98 25 3.7 0.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 7,097 191 220 140 20.4 2.7 Nov 1, 2024 J-GAAP
YoY +2.4% +57.9% +17.6% +22.8% +22.3%

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