CENTRAL GENERAL DEVELOPMENT CO.,LTD., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

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Fri Nov 8, 2024 3:30 pm JST Earnings

3238 CENTRAL GENERAL DEVELOPMENT CO.,LTD. 【J-GAAP】

Earnings Report

CENTRAL GENERAL DEVELOPMENT CO.,LTD. <3238> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 1.3 billion yen (compared to a loss of 282 million yen in the same period last year).

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 49.7% from the same period last year, reaching 2.45 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 827 million yen (compared to a loss of 310 million yen in the same period last year). The operating profit/loss margin drastically worsened from -4.9% in the same period last year to -31.8%.

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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	9,831	-52	-189	-150	-15.8	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	9,907	-128	-282	-210	-22.1	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	5,618	-1,053	-1,302	-918	-96.0	ー	Nov 8, 2024	J-GAAP
YoY	-43.3%	-722.7%	-361.7%	-337.1%	-334.8%

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	6,400	-1,200	-1,450	-1,050	-109.5	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	5,618	-1,053	-1,302	-918	-96.0	0	Nov 8, 2024	J-GAAP
Revision Rate	-12.2%	+12.3%	+10.2%	+12.6%	+12.4%

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	22,018	1,834	1,638	1,114	116.7	18	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	31,382	2,703	2,452	1,668	173.9	18	Nov 8, 2024	J-GAAP
YoY	+42.5%	+47.4%	+49.7%	+49.7%	+49.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,391	1,538	1,260	845	88.7	15	May 12, 2023	J-GAAP
Mar, 2024	31,925	1,706	1,356	904	94.7	18	May 10, 2024	J-GAAP
Mar, 2025 Guidance	37,000	1,650	1,150	750	78.2	18	May 10, 2024	J-GAAP
YoY	+15.9%	-3.3%	-15.2%	-17.0%	-17.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,579	-223	-310	-222	-23.3	-4.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	6,071	300	208	135	14.2	4.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	15,947	1,534	1,430	979	102.6	9.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,431	-357	-475	-335	-35.1	-10.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,187	-696	-827	-583	-60.9	-31.8	Nov 8, 2024	J-GAAP
YoY	-52.2%	-212.1%	-166.8%	-162.6%	-161.2%