Care Service Co., Ltd., First Half Ordinary Profit Increases by 26%

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Wed Nov 6, 2024 4:00 pm JST Earnings

2425 Care Service Co., Ltd. 【J-GAAP】

Earnings Report

Care Service Co., Ltd. <2425> [TSE-S] 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) increased by 26.1% from the same period last year, reaching 251 million yen. However, The progress rate against the 653 million yen full-year plan was 38.4%, also falling below the five-year average of 45.1%.

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 12.6% from the same period last year, reaching 402 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 158 million yen, an increase of 1.9% compared to the same period last year. The operating profit margin remained almost flat, changing from 6.1% in the same period last year to 6.3%.

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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	4,514	127	125	103	27.3	26.3	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	4,730	189	199	111	29.4	35.8	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	4,931	245	251	161	42.5	38.4	Nov 6, 2024	J-GAAP
YoY	+4.2%	+29.6%	+26.1%	+45.0%	+44.3%

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	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	4,931	245	251	161	42.5	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	4,907	329	357	266	70.3	16	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,218	395	402	276	72.8	18	Nov 6, 2024	J-GAAP
YoY	+6.3%	+20.1%	+12.6%	+3.8%	+3.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,237	431	475	323	85.4	14	May 15, 2023	J-GAAP
Mar, 2024	9,637	518	556	377	99.6	16	May 14, 2024	J-GAAP
Mar, 2025 Guidance	10,149	640	653	437	115.2	18	May 14, 2024	J-GAAP
YoY	+5.3%	+23.6%	+17.4%	+15.9%	+15.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,393	147	155	88	23.3	6.1	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	2,456	166	185	119	31.5	6.8	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	2,451	163	172	147	38.8	6.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,454	89	93	53	14.1	3.6	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	2,477	156	158	108	28.5	6.3	Nov 6, 2024	J-GAAP
YoY	+3.5%	+6.1%	+1.9%	+22.7%	+22.1%