COSMOS INITIA Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 13%, Dividend Revised Upward by 3 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

8844 COSMOS INITIA Co., Ltd. 【J-GAAP】

Earnings Report

COSMOS INITIA Co., Ltd. <8844> [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 2.6 times that of the same period last year, reaching 5.27 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 13.0%, from the previous forecast of 6.9 billion yen to 7.8 billion yen (compared to 6.68 billion yen in the previous period), increasing the growth rate from 3.3% to 16.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 45.5% from the same period last year to 2.52 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 26 yen to 29 yen (compared to 20 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 34.0% from the same period last year, reaching 2.69 billion yen. The operating profit margin improved from 6.9% in the same period last year to 9.2%.

Kabutan News

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	44,973	-996	-1,043	-82	-2.5	ー	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	50,087	2,277	2,041	1,259	37.2	30.5	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	62,645	5,926	5,272	3,504	103.4	67.6	Nov 8, 2024	J-GAAP
YoY	+25.1%	+160.3%	+158.3%	+178.3%	+178.1%

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	－	9	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	62,645	5,926	5,272	3,504	103.4	9	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	134,000	8,000	6,900	4,700	138.7	26	May 9, 2024	J-GAAP
Mar, 2025 New	134,000	9,000	7,800	5,200	153.4	29	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	+12.5%	+13.0%	+10.6%	+10.6%

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	74,501	5,145	4,640	3,019	89.2	15	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	71,355	3,074	2,528	1,696	50.0	20	Nov 8, 2024	J-GAAP
YoY	-4.2%	-40.3%	-45.5%	-43.8%	-43.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	123,374	4,924	4,469	3,524	104.8	14	May 11, 2023	J-GAAP
Mar, 2024	124,588	7,422	6,681	4,278	126.3	20	May 9, 2024	J-GAAP
Mar, 2025 Guidance	134,000	9,000	7,800	5,200	153.4	29	Nov 8, 2024	J-GAAP
YoY	+7.6%	+21.3%	+16.7%	+21.6%	+21.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	31,191	2,155	2,009	1,284	37.9	6.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	25,570	881	594	366	10.8	3.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	48,931	4,264	4,046	2,653	78.3	8.7	May 9, 2024	J-GAAP
Apr - Jun, 2024	27,393	2,670	2,580	1,743	51.5	9.7	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	35,252	3,256	2,692	1,761	52.0	9.2	Nov 8, 2024	J-GAAP
YoY	+13.0%	+51.1%	+34.0%	+37.1%	+37.1%