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Central Glass Co.,Ltd., First Half Ordinary Profit Decreases by 18%, July-September Ordinary Profit Decreases by 60%

Wed Nov 6, 2024 4:00 pm JST Earnings

4044 Central Glass Co.,Ltd. 【J-GAAP】

Earnings Report

Central Glass Co.,Ltd. <4044> [TSE-P] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.0% from the same period last year to 5.17 billion yen. The progress rate against the 12.5 billion yen full-year plan was 41.4%, almost the same as the five-year average of 43.5%.

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 26.5% from the same period last year to 7.32 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 983 million yen, a 60.2% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 5.4%.

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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 78,268 7,426 10,625 16,863 421.7 54.1 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 79,115 6,010 6,305 5,672 228.9 38.8 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 68,036 4,746 5,173 2,782 112.3 41.4 Nov 6, 2024 J-GAAP
YoY -14.0% -21.0% -18.0% -51.0% -51.0%

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 72,000 4,000 4,500 3,500 141.2 85 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 68,036 4,746 5,173 2,782 112.3 85 Nov 6, 2024 J-GAAP
Revision Rate -5.5% +18.7% +15.0% -20.5% -20.5%

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 81,224 8,516 9,964 6,806 274.7 101.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 87,964 6,254 7,327 7,218 291.2 85 Nov 6, 2024 J-GAAP
YoY +8.3% -26.6% -26.5% +6.1% +6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 169,309 16,757 19,637 42,494 1,222.2 115 May 11, 2023 J-GAAP
Mar, 2024 160,339 14,526 16,269 12,478 503.6 159 May 10, 2024 J-GAAP
Mar, 2025 Guidance 156,000 11,000 12,500 10,000 403.5 170 May 10, 2024 J-GAAP
YoY -2.7% -24.3% -23.2% -19.9% -19.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 40,105 3,165 2,468 2,841 114.7 7.9 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 41,754 4,548 4,566 3,628 146.4 10.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 39,470 3,968 5,398 3,178 128.3 10.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 34,830 2,940 4,190 3,012 121.6 8.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 33,206 1,806 983 -230 -9.3 5.4 Nov 6, 2024 J-GAAP
YoY -17.2% -42.9% -60.2% － －

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