Central Forest Group, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 12%

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Wed Nov 6, 2024 4:00 pm JST Earnings

7675 Central Forest Group, Inc. 【J-GAAP】

Earnings Report

Central Forest Group, Inc. <7675> [NSE-M] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 11.8% from the same period last year, reaching 1.88 billion yen. The progress rate against the 2.83 billion yen full-year plan was 66.5%, exceeding the four-year average of 44.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 16.0% from the same period last year to 948 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 794 million yen, a 3.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 0.9% in the same period last year to 0.8%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	229,978	806	1,023	644	73.4	53.4	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	241,278	1,475	1,684	1,133	131.7	59.9	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	254,809	1,647	1,882	1,268	148.5	66.5	Nov 6, 2024	J-GAAP
YoY	+5.6%	+11.7%	+11.8%	+11.9%	+12.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	174,478	1,815	1,955	1,408	163.9	25	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	172,529	1,602	1,742	1,242	145.5	25	Aug 9, 2024	J-GAAP
YoY	-1.1%	-11.7%	-10.9%	-11.8%	-11.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	312,649	1,622	1,917	1,268	144.5	34	Feb 10, 2023	J-GAAP
Dec, 2023	328,838	2,528	2,813	1,959	228.1	43	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	336,000	2,530	2,830	1,970	230.8	50	Feb 8, 2024	J-GAAP
YoY	+2.2%	+0.1%	+0.6%	+0.6%	+1.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	86,918	762	826	582	67.7	0.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	87,560	1,053	1,129	826	96.2	1.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	77,334	398	456	307	35.9	0.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	86,137	530	632	421	49.3	0.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	91,338	719	794	540	63.2	0.8	Nov 6, 2024	J-GAAP
YoY	+5.1%	-5.6%	-3.9%	-7.2%	-6.5%