CB GROUP MANAGEMENT Co., Ltd, First Half Ordinary Profit Increases by 2.1 times, July-September Ordinary Profit Increases by 3.5 times

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Fri Nov 8, 2024 3:30 pm JST Earnings

9852 CB GROUP MANAGEMENT Co., Ltd 【J-GAAP】

Earnings Report

CB GROUP MANAGEMENT Co., Ltd <9852> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 1.85 billion yen. The progress rate against the 2.9 billion yen full-year plan was 63.9%, also surpassing the five-year average of 35.8%.

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 drop by 47.3% from the same period last year to 1.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.5 times that of the same period last year, reaching 857 million yen. The operating profit margin improved from 0.7% in the same period last year to 2.0%.

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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	69,828	842	886	573	276.6	37.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	71,041	863	902	601	278.8	31.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	83,571	1,807	1,852	1,328	616.0	63.9	Nov 8, 2024	J-GAAP
YoY	+17.6%	+109.4%	+105.3%	+121.0%	+120.9%

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 10, 2024	J-GAAP
Apr - Sep, 2024 Results	83,571	1,807	1,852	1,328	616.0	0	Nov 8, 2024	J-GAAP
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	76,243	1,899	1,987	1,456	675.5	100	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	68,429	1,043	1,048	572	265.2	100	Nov 8, 2024	J-GAAP
YoY	-10.2%	-45.1%	-47.3%	-60.7%	-60.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	138,752	2,295	2,357	1,647	779.1	100	May 12, 2023	J-GAAP
Mar, 2024	147,284	2,762	2,889	2,057	954.3	100	May 10, 2024	J-GAAP
Mar, 2025 Guidance	152,000	2,850	2,900	1,900	880.8	100	May 10, 2024	J-GAAP
YoY	+3.2%	+3.2%	+0.4%	-7.6%	-7.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	34,912	231	243	164	76.1	0.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	42,021	942	965	652	302.6	2.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	34,222	957	1,022	804	373.0	2.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	42,206	962	995	658	305.2	2.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	41,365	845	857	670	310.8	2.0	Nov 8, 2024	J-GAAP
YoY	+18.5%	+265.8%	+252.7%	+308.5%	+308.5%