St.Cousair CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 56%

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Tue Nov 5, 2024 1:00 pm JST Earnings

2937 St.Cousair CO.,LTD. 【J-GAAP】

Earnings Report

St.Cousair CO.,LTD. <2937> [TSE-G] announced its financial results in the afternoon session on November 5th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 74.3% from the same period last year to 210 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 56.2%, from the previous forecast of 1.32 billion yen to 582 million yen (compared to 1.4 billion yen in the previous period), leading to an increase in the profit decline rate from 5.1% to 58.5%.

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 drop by 36.4% from the same period last year to 372 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 42 million yen, a 83.9% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 3.2%.

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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, 2023	9,018	746	816	524	57.7	58.2	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	9,208	235	210	1	0.2	36.1	Nov 5, 2024	J-GAAP
YoY	+2.1%	-68.5%	-74.3%	-99.8%	-99.7%

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	－	0	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	9,208	235	210	1	0.2	0	Nov 5, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	20,913	1,342	1,329	864	93.6	35	May 7, 2024	J-GAAP
Mar, 2025 New	19,240	611	582	158	17.1	35	Nov 5, 2024	J-GAAP
Revision Rate	-8.0%	-54.5%	-56.2%	-81.7%	-81.7%

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	10,144	543	585	294	32.1	35	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,032	376	372	157	17.0	35	Nov 5, 2024	J-GAAP
YoY	-1.1%	-30.8%	-36.4%	-46.6%	-47.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,865	1,599	1,620	1,058	132.7	35	May 9, 2023	J-GAAP
Mar, 2024	19,162	1,289	1,401	818	89.4	35	May 7, 2024	J-GAAP
Mar, 2025 Guidance	19,240	611	582	158	17.1	35	Nov 5, 2024	J-GAAP
YoY	+0.4%	-52.6%	-58.5%	-80.7%	-80.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,212	244	261	160	17.6	5.8	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	5,286	341	316	200	21.9	6.5	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	4,858	202	269	94	10.3	4.2	May 7, 2024	J-GAAP
Apr - Jun, 2024	4,597	87	168	79	8.6	1.9	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	4,611	148	42	-78	-12.5	3.2	Nov 5, 2024	J-GAAP
YoY	+9.5%	-39.3%	-83.9%	－	－