CROSS CAT CO.,LTD., First Half Ordinary Profit Increases by 27%, July-September Ordinary Profit Increases by 29%

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Wed Nov 6, 2024 3:30 pm JST Earnings

2307 CROSS CAT CO.,LTD. 【J-GAAP】

Earnings Report

CROSS CAT CO.,LTD. <2307> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.7% from the same period last year, reaching 898 million yen. The progress rate against the 1.63 billion yen full-year plan was 55.1%, also surpassing the five-year average of 41.9%.

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 decrease by 15.0% from the same period last year to 732 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.1% from the same period last year, reaching 555 million yen. The operating profit margin rose from 11.5% in the same period last year to 13.5%.

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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	6,960	803	827	526	35.1	54.8	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	7,160	669	709	473	32.4	45.2	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	8,040	865	898	583	41.2	55.1	Nov 6, 2024	J-GAAP
YoY	+12.3%	+29.3%	+26.7%	+23.3%	+27.3%

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	8,040	865	895	580	41.1	0	Oct 31, 2024	J-GAAP
Apr - Sep, 2024 Results	8,040	865	898	583	41.2	0	Nov 6, 2024	J-GAAP
Revision Rate	0.0%	0.0%	+0.3%	+0.5%	+0.1%

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	7,771	852	861	838	57.7	28	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,560	715	732	457	32.4	28	Nov 6, 2024	J-GAAP
YoY	-2.7%	-16.1%	-15.0%	-45.5%	-43.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,835	1,461	1,510	1,019	67.9	37	May 11, 2023	J-GAAP
Mar, 2024	14,931	1,521	1,570	1,311	90.3	28	May 15, 2024	J-GAAP
Mar, 2025 Guidance	15,600	1,580	1,630	1,040	73.7	28	May 15, 2024	J-GAAP
YoY	+4.5%	+3.9%	+3.8%	-20.7%	-18.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,702	425	430	298	20.4	11.5	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	3,863	466	473	502	34.4	12.1	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	3,908	386	388	336	23.1	9.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,880	304	343	222	15.7	7.8	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	4,160	561	555	361	25.5	13.5	Nov 6, 2024	J-GAAP
YoY	+12.4%	+32.0%	+29.1%	+21.1%	+25.1%