CREATE CORPORATION, July-September (2Q) Ordinary Profit Decreases by 4%

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Thu Nov 7, 2024 3:00 pm JST Earnings

3024 CREATE CORPORATION 【J-GAAP】

Earnings Report

CREATE CORPORATION <3024> [TSE-S] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.3 times that of the same period last year, reaching 200 million yen. However, The progress rate against the 900 million yen full-year plan was 22.2%, also falling below the five-year average of 30.1%.

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 surge by 2.2 times that of the same period last year, reaching 700 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 134 million yen, a 4.3% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 1.5% in the same period last year to 1.6%.

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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	16,483	295	298	180	45.8	44.1	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	17,372	90	86	33	8.5	21.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	17,384	218	200	107	27.4	22.2	Nov 7, 2024	J-GAAP
YoY	+0.1%	+142.2%	+132.6%	+224.2%	+221.9%

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	－	14	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	17,384	218	200	107	27.4	14	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	18,488	323	324	110	28.3	18	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,616	682	700	433	110.5	28	Nov 7, 2024	J-GAAP
YoY	+6.1%	+111.1%	+116.0%	+293.6%	+290.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,881	679	676	419	106.6	24	May 11, 2023	J-GAAP
Mar, 2024	35,860	413	410	143	36.8	26	May 14, 2024	J-GAAP
Mar, 2025 Guidance	37,000	900	900	540	137.9	42	May 14, 2024	J-GAAP
YoY	+3.2%	+117.9%	+119.5%	+277.6%	+274.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,926	138	140	94	24.3	1.5	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	9,872	335	336	216	55.7	3.4	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	8,616	-12	-12	-106	-27.3	-0.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	8,422	75	66	28	7.3	0.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	8,962	143	134	79	20.3	1.6	Nov 7, 2024	J-GAAP
YoY	+0.4%	+3.6%	-4.3%	-16.0%	-16.6%