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COMSYS Holdings Corporation, First Half Ordinary Profit Increases by 16%

Fri Nov 8, 2024 4:00 pm JST Earnings

1721 COMSYS Holdings Corporation 【J-GAAP】

Earnings Report

COMSYS Holdings Corporation <1721> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.5% from the same period last year, reaching 17.1 billion yen. The progress rate against the 40.5 billion yen full-year plan was 42.5%, exceeding the five-year average of 35.3%.

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 decrease by 8.7% from the same period last year to 23.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 9.46 billion yen, a 1.8% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 6.7%.

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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 230,867 9,474 10,209 6,537 53.5 33.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 244,889 14,167 14,883 9,536 79.1 36.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 264,177 16,444 17,196 10,848 91.1 42.5 Nov 8, 2024 J-GAAP
YoY +7.9% +16.1% +15.5% +13.8% +15.1%

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 － 55 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 264,177 16,444 17,196 10,848 91.1 55 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 326,297 25,054 25,513 17,917 149.1 55 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 335,823 23,556 23,304 16,152 137.5 55 Nov 8, 2024 J-GAAP
YoY +2.9% -6.0% -8.7% -9.9% -7.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 563,295 32,104 30,934 19,338 158.8 100 May 11, 2023 J-GAAP
Mar, 2024 571,186 39,221 40,396 27,453 228.5 105 May 10, 2024 J-GAAP
Mar, 2025 Guidance 600,000 40,000 40,500 27,000 229.8 110 May 10, 2024 J-GAAP
YoY +5.0% +2.0% +0.3% -1.7% +0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 134,120 9,516 9,646 6,302 52.3 7.1 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 138,864 10,125 10,542 7,971 66.2 7.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 187,433 14,929 14,971 9,946 82.8 8.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 125,108 7,101 7,728 4,578 38.4 5.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 139,069 9,343 9,468 6,270 52.7 6.7 Nov 8, 2024 J-GAAP
YoY +3.7% -1.8% -1.8% -0.5% +0.7%

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