CHUO MALLEABLE IRON CO., LTD., First Half Ordinary Profit Decreases by 17%, July-September Ordinary Profit Decreases by 23%

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Thu Nov 7, 2024 2:20 pm JST Earnings

5607 CHUO MALLEABLE IRON CO., LTD. 【J-GAAP】

Earnings Report

CHUO MALLEABLE IRON CO., LTD. <5607> [NSE-M] announced its financial results in the afternoon session on November 7th (14:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 16.8% from the same period last year to 549 million yen. The progress rate against the 1.79 billion yen full-year plan was 30.7%, also falling below the five-year average of 52.2%.

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 expand by 86.3% from the same period last year, reaching 1.24 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 267 million yen, a 23.3% decrease compared to the same period last year. The operating profit margin worsened from 2.8% in the same period last year to 1.1%.

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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	16,098	-516	-114	-223	-14.6	ー	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	16,990	316	660	570	37.0	49.8	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	17,304	236	549	391	25.3	30.7	Nov 7, 2024	J-GAAP
YoY	+1.8%	-25.3%	-16.8%	-31.4%	-31.6%

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	－	6	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	17,304	236	549	391	25.3	6	Nov 7, 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	16,208	5	666	243	15.8	6	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,396	664	1,241	749	48.4	6	Nov 7, 2024	J-GAAP
YoY	+25.8%	+13,180.0%	+86.3%	+208.2%	+207.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	33,522	-288	790	670	43.6	12	May 11, 2023	J-GAAP
Mar, 2024	33,198	321	1,326	813	52.7	12	May 10, 2024	J-GAAP
Mar, 2025 Guidance	37,700	900	1,790	1,140	73.6	12	May 10, 2024	J-GAAP
YoY	+13.6%	+180.4%	+35.0%	+40.2%	+39.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,468	233	348	248	16.1	2.8	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	8,613	123	387	282	18.3	1.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	7,595	-118	279	-39	-2.5	-1.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	8,477	135	282	212	13.8	1.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	8,827	101	267	179	11.6	1.1	Nov 7, 2024	J-GAAP
YoY	+4.2%	-56.7%	-23.3%	-27.8%	-28.1%