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

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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%