CL Holdings Inc., January-September (Third Quarter Cumulative) Net Income Decreases by 39%, July-September Net Income Decreases by 77%

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Fri Nov 8, 2024 3:30 pm JST Earnings

4286 CL Holdings Inc. 【IFRS】

Earnings Report

CL Holdings Inc. <4286> [TSE-S] announced its financial results (based on IFRS) after the market closed on November 8th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 38.9% from the same period last year to 165 million yen. The progress rate against the 900 million yen full-year plan was 18.3%, also falling below the three-year average of 77.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to surge by 3.1 times that of the same period last year, reaching 735 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income significantly dropped to 60 million yen, a 76.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.4% in the same period last year to 1.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	22,880	625	623	345	33.3	80.1	Nov 11, 2022	IFRS
Jan - Sep, 2023	24,765	545	542	270	26.7	50.5	Nov 10, 2023	IFRS
Jan - Sep, 2024	26,528	114	102	165	16.2	6.0	Nov 8, 2024	IFRS
YoY	+7.1%	-79.1%	-81.2%	-38.9%	-39.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	20,809	1,037	1,030	498	49.2	16	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	23,220	1,699	1,706	795	72.9	27	Aug 8, 2024	IFRS
YoY	+11.6%	+63.8%	+65.6%	+59.6%	+48.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	32,055	776	778	364	35.3	11	Feb 14, 2023	IFRS
Dec, 2023	36,344	1,079	1,073	510	50.4	16	Feb 14, 2024	IFRS
Dec, 2024 Guidance	41,500	1,700	1,700	900	82.6	27	Feb 14, 2024	IFRS
YoY	+14.2%	+57.6%	+58.4%	+76.5%	+64.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,230	503	499	258	25.5	5.4	Nov 10, 2023	IFRS
Oct - Dec, 2023	11,579	534	531	240	23.7	4.6	Feb 14, 2024	IFRS
Jan - Mar, 2024	9,137	207	207	220	21.7	2.3	May 10, 2024	IFRS
Apr - Jun, 2024	9,143	-206	-213	-115	-11.4	-2.3	Aug 8, 2024	IFRS
Jul - Sep, 2024	8,248	113	108	60	5.9	1.4	Nov 8, 2024	IFRS
YoY	-10.6%	-77.5%	-78.4%	-76.7%	-76.9%