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COLOWIDE CO.,LTD., First Half Net Income Decreases by 83%, July-September Net Income Turns to Loss

Fri Nov 8, 2024 3:30 pm JST Earnings

7616 COLOWIDE CO.,LTD. 【IFRS】

Earnings Report

COLOWIDE CO.,LTD. <7616> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 8th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 83.3% from the same period last year to 385 million yen. The progress rate against the 2.03 billion yen full-year plan was 18.9%, also falling below the same period of the previous year of 79.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 2.8 times that of the same period last year, reaching 1.64 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 647 million yen (compared to a profit of 241 million yen in the same period last year). However, the operating profit margin improved from 1.6% in the same period last year to 2.1%.

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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 104,656 -3,191 -2,846 -2,204 -31.4 ー Nov 9, 2022 IFRS
Apr - Sep, 2023 118,015 4,182 4,440 2,310 20.7 68.3 Nov 9, 2023 IFRS
Apr - Sep, 2024 132,199 3,367 1,759 385 -1.6 ー Nov 8, 2024 IFRS
YoY +12.0% -19.5% -60.4% -83.3% －

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 － 0 May 9, 2024 IFRS
Apr - Sep, 2024 Results 132,199 3,367 1,759 385 -1.6 0 Nov 8, 2024 IFRS
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 123,269 2,935 2,058 595 5.6 5 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 131,244 ー ー 1,649 11.5 5 Nov 8, 2024 IFRS
YoY +6.5% － － +177.1% +104.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 220,830 -6,743 -8,446 -6,801 -84.5 5 May 12, 2023 IFRS
Mar, 2024 241,284 7,117 6,498 2,905 27.5 5 May 9, 2024 IFRS
Mar, 2025 Guidance 263,443 ー ー 2,034 14.2 5 May 9, 2024 IFRS
YoY +9.2% － － -30.0% -48.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 60,772 985 1,022 241 2.2 1.6 Nov 9, 2023 IFRS
Oct - Dec, 2023 61,190 2,936 1,509 652 6.2 4.8 Feb 8, 2024 IFRS
Jan - Mar, 2024 62,079 -1 549 -57 -0.5 0.0 May 9, 2024 IFRS
Apr - Jun, 2024 63,390 1,941 2,077 1,032 5.8 3.1 Aug 9, 2024 IFRS
Jul - Sep, 2024 68,809 1,426 -318 -647 -7.4 2.1 Nov 8, 2024 IFRS
YoY +13.2% +44.8% － － －

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