Chuo Warehouse Co.,Ltd., First Half Ordinary Profit Increases by 12%, July-September Ordinary Profit Increases by 38%

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Thu Nov 7, 2024 4:00 pm JST Earnings

9319 Chuo Warehouse Co.,Ltd. 【J-GAAP】

Earnings Report

Chuo Warehouse Co.,Ltd. <9319> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.9% from the same period last year, reaching 1.33 billion yen. The progress rate against the 2.35 billion yen full-year plan was 57.0%, also surpassing the five-year average of 53.4%.

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 2.0% from the same period last year to 1.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 38.1% from the same period last year, reaching 569 million yen. The operating profit margin improved from 5.9% in the same period last year to 7.9%.

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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	12,841	1,176	1,405	959	50.6	57.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	13,438	1,003	1,197	813	42.9	53.7	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	13,909	1,208	1,339	716	37.8	57.0	Nov 7, 2024	J-GAAP
YoY	+3.5%	+20.4%	+11.9%	-11.9%	-11.8%

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	13,700	1,020	1,200	800	42.3	15	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	13,909	1,208	1,339	716	37.8	15	Nov 7, 2024	J-GAAP
Revision Rate	+1.5%	+18.4%	+11.6%	-10.5%	-10.5%

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	13,074	931	1,032	885	46.6	17	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,591	842	1,011	984	52.7	21	Nov 7, 2024	J-GAAP
YoY	+4.0%	-9.6%	-2.0%	+11.2%	+13.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,869	2,108	2,434	1,708	90.0	28	May 12, 2023	J-GAAP
Mar, 2024	26,512	1,934	2,229	1,698	89.4	30	May 10, 2024	J-GAAP
Mar, 2025 Guidance	27,500	2,050	2,350	1,700	91.1	36	May 10, 2024	J-GAAP
YoY	+3.7%	+6.0%	+5.4%	+0.1%	+1.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,644	392	412	286	15.1	5.9	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	6,606	472	536	342	18.0	7.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	6,468	459	496	543	28.6	7.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,938	658	770	508	26.8	9.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	6,971	550	569	208	11.0	7.9	Nov 7, 2024	J-GAAP
YoY	+4.9%	+40.3%	+38.1%	-27.3%	-27.2%