kabutan

Cocolonet CO., LTD., First Half Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 17%

Tue Nov 5, 2024 4:30 pm JST Earnings

6060 Cocolonet CO., LTD. 【J-GAAP】

Earnings Report

Cocolonet CO., LTD. <6060> [TSE-S] announced its financial results after the market closed on November 5th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 20.7% from the same period last year to 299 million yen. The progress rate against the 830 million yen full-year plan was 36.0%, also falling below the five-year average of 56.8%.

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 grow by 17.2% from the same period last year, reaching 531 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 148 million yen, a 16.9% decrease compared to the same period last year. However, the operating profit margin improved from 3.4% in the same period last year to 5.1%.

Kabutan News

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 4,773 331 349 169 45.2 52.2 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 4,799 262 377 235 62.7 45.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 4,874 268 299 126 33.6 36.0 Nov 5, 2024 J-GAAP
YoY +1.6% +2.3% -20.7% -46.4% -46.5%

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 5,182 307 339 93 24.6 15 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 4,874 268 299 126 33.6 15 Nov 5, 2024 J-GAAP
Revision Rate -5.9% -12.7% -11.8% +35.5% +36.6%

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 5,236 396 453 344 91.4 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,556 482 531 274 78.6 15 Nov 5, 2024 J-GAAP
YoY +6.1% +21.7% +17.2% -20.3% -14.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,562 623 668 149 39.8 30 May 11, 2023 J-GAAP
Mar, 2024 10,035 658 830 579 153.9 30 May 13, 2024 J-GAAP
Mar, 2025 Guidance 10,430 750 830 400 114.8 30 May 13, 2024 J-GAAP
YoY +3.9% +14.0% 0.0% -30.9% -25.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,427 82 178 142 37.9 3.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,753 289 311 259 68.8 10.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,483 107 142 85 22.6 4.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,399 142 151 50 13.3 5.9 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 2,475 126 148 76 20.3 5.1 Nov 5, 2024 J-GAAP
YoY +2.0% +53.7% -16.9% -46.5% -46.6%

Related Articles