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

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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%	－	－	－