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COTA CO.,LTD., First Half Ordinary Profit Decreases by 31%

Wed Nov 6, 2024 4:00 pm JST Earnings

4923 COTA CO.,LTD. 【J-GAAP】

Earnings Report

COTA CO.,LTD. <4923> [TSE-P] announced its financial results after the market closed on November 6th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 31.4% from the same period last year to 186 million yen. The progress rate against the 1.98 billion yen full-year plan was 9.4%, also falling below the five-year average of 23.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 7.0% from the same period last year, reaching 1.79 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 73.1% from the same period last year, reaching 289 million yen. The operating profit margin significantly improved from 9.2% in the same period last year to 13.6%.

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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 3,384 350 361 266 9.3 17.1 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 3,427 260 271 186 6.6 13.9 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 3,594 198 186 122 4.4 9.4 Nov 6, 2024 J-GAAP
YoY +4.9% -23.8% -31.4% -34.4% -34.1%

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 － 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 3,594 198 186 122 4.4 0 Nov 6, 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 5,709 1,661 1,682 1,163 41.2 18.18 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,066 1,774 1,799 1,258 45.3 20 Nov 6, 2024 J-GAAP
YoY +6.3% +6.8% +7.0% +8.2% +10.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,804 2,020 2,115 1,560 54.7 16.53 May 9, 2023 J-GAAP
Mar, 2024 9,136 1,921 1,953 1,349 47.8 18.18 May 8, 2024 J-GAAP
Mar, 2025 Guidance 9,660 1,972 1,985 1,380 49.7 20 May 8, 2024 J-GAAP
YoY +5.7% +2.7% +1.6% +2.3% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,734 160 167 125 4.5 9.2 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 3,882 1,552 1,562 1,092 38.7 40.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 1,827 109 120 71 2.5 6.0 May 8, 2024 J-GAAP
Apr - Jun, 2024 1,492 -88 -103 -81 -2.9 -5.9 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 2,102 286 289 203 7.3 13.6 Nov 6, 2024 J-GAAP
YoY +21.2% +78.8% +73.1% +62.4% +62.9%

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