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

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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	136.6	55	Nov 8, 2024	J-GAAP
YoY	+2.9%	-6.0%	-8.7%	-9.9%	-8.4%

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	228.3	110	May 10, 2024	J-GAAP
YoY	+5.0%	+2.0%	+0.3%	-1.7%	-0.1%

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%