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Chiyoda Corporation, First Half Ordinary Profit Increases by 23%, July-September Ordinary Profit Increases by 54%

Tue Nov 5, 2024 2:30 pm JST Earnings

6366 Chiyoda Corporation 【J-GAAP】

Earnings Report

Chiyoda Corporation <6366> [TSE-S] announced its financial results in the afternoon session on November 5th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.6% from the same period last year, reaching 17.3 billion yen. The progress rate against the 20 billion yen full-year plan was 86.6%, also surpassing the five-year average of 44.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 2.68 billion yen (compared to a loss of 19.5 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 54.5% from the same period last year, reaching 11.8 billion yen. The operating profit margin improved from 4.0% in the same period last year to 6.1%.

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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 184,312 6,110 6,618 5,323 16.5 32.6 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 271,695 10,797 14,122 8,634 29.3 ー Nov 2, 2023 J-GAAP
Apr - Sep, 2024 237,342 13,730 17,312 14,161 50.6 86.6 Nov 5, 2024 J-GAAP
YoY -12.6% +27.2% +22.6% +64.0% +72.8%

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 － － Jun 26, 2024 J-GAAP
Apr - Sep, 2024 Results 237,342 13,730 17,312 14,161 50.6 － Nov 5, 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 234,286 -25,803 -19,583 -24,465 -107.0 0 Jun 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 212,658 3,270 2,688 839 3.2 － Nov 5, 2024 J-GAAP
YoY -9.2% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 430,163 18,116 20,322 15,187 50.5 0 May 9, 2023 J-GAAP
Mar, 2024 505,981 -15,006 -5,461 -15,831 -69.2 0 Jun 26, 2024 J-GAAP
Mar, 2025 Guidance 450,000 17,000 20,000 15,000 57.9 － Jul 29, 2024 J-GAAP
YoY -11.1% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 142,303 5,698 7,658 3,750 12.7 4.0 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 125,768 7,021 9,518 7,058 24.5 5.6 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 108,518 -32,824 -29,101 -31,523 -137.8 -30.2 Jun 26, 2024 J-GAAP
Apr - Jun, 2024 117,019 6,413 5,484 4,016 13.5 5.5 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 120,323 7,317 11,828 10,145 36.3 6.1 Nov 5, 2024 J-GAAP
YoY -15.4% +28.4% +54.5% +170.5% +185.0%

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