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

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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%