Carlit Co., Ltd., First Half Ordinary Profit Revised Downward to an Unexpected 12%Decrease

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Fri Nov 8, 2024 3:30 pm JST Earnings

4275 Carlit Co., Ltd. 【J-GAAP】

Earnings Report

Carlit Co., Ltd. <4275> [TSE-P] 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) decreased by 11.6% from the same period last year to 1.38 billion yen, resulting in a decrease in profits compared to the previous forecast of a 8.7% increase.

The progress rate against the 4 billion yen full-year plan was 34.6%, almost the same as the five-year average of 37.4%.

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 grow by 28.6% from the same period last year, reaching 2.61 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 849 million yen, a 4.3% decrease compared to the same period last year. The operating profit margin worsened from 9.8% in the same period last year to 8.8%.

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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	17,586	1,104	1,287	951	40.0	44.2	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	17,672	1,384	1,564	1,173	49.6	43.4	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	18,045	1,194	1,382	951	40.4	34.6	Nov 8, 2024	J-GAAP
YoY	+2.1%	-13.7%	-11.6%	-18.9%	-18.5%

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	18,500	1,600	1,700	1,200	50.9	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	18,045	1,194	1,382	951	40.4	0	Nov 8, 2024	J-GAAP
Revision Rate	-2.5%	-25.4%	-18.7%	-20.8%	-20.7%

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	18,905	1,968	2,036	1,425	60.3	33	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,955	2,606	2,618	1,849	78.5	36	Nov 8, 2024	J-GAAP
YoY	+5.6%	+32.4%	+28.6%	+29.8%	+30.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	36,008	2,640	2,910	2,246	94.6	20	May 15, 2023	J-GAAP
Mar, 2024	36,577	3,352	3,600	2,598	109.9	33	May 15, 2024	J-GAAP
Mar, 2025 Guidance	38,000	3,800	4,000	2,800	118.8	36	May 15, 2024	J-GAAP
YoY	+3.9%	+13.4%	+11.1%	+7.8%	+8.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,849	870	887	668	28.2	9.8	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	9,233	1,000	1,075	686	29.0	10.8	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	9,672	968	961	739	31.3	10.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,760	378	533	365	15.5	4.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,285	816	849	586	24.9	8.8	Nov 8, 2024	J-GAAP
YoY	+4.9%	-6.2%	-4.3%	-12.3%	-11.9%