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CLIP Corporation, First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 33%

Mon Nov 11, 2024 2:00 pm JST Earnings

4705 CLIP Corporation 【J-GAAP】

Earnings Report

CLIP Corporation <4705> [TSE-S] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 43 million yen (compared to a profit of 13 million yen in the same period last year).

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 6.5% from the same period last year, reaching 49 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 61 million yen, a 33.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 11.1% in the same period last year to 7.1%.

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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 1,459 81 83 42 11.5 45.4 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 1,463 13 13 -16 -4.5 22.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,493 -53 -43 -61 -17.1 ー Nov 11, 2024 J-GAAP
YoY +2.1% － － -281.3% -284.0%

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 1,493 -53 -43 -61 -16.9 0 Nov 8, 2024 J-GAAP
Apr - Sep, 2024 Results 1,493 -53 -43 -61 -17.1 0 Nov 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.9%

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 1,573 33 46 103 28.3 45 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,530 44 49 61 0.0 45 Nov 8, 2024 J-GAAP
YoY -2.7% +33.3% +6.5% -40.8% －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,932 175 183 106 29.1 45 May 10, 2023 J-GAAP
Mar, 2024 3,036 46 59 87 23.9 45 May 14, 2024 J-GAAP
Mar, 2025 Guidance 3,023 -9 6 0 0.0 45 Nov 8, 2024 J-GAAP
YoY -0.4% － -89.8% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 810 90 91 61 17.0 11.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 757 -5 1 -10 -2.8 -0.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 816 38 45 113 31.0 4.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 646 -113 -104 -116 -32.3 -17.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 847 60 61 55 15.4 7.1 Nov 11, 2024 J-GAAP
YoY +4.6% -33.3% -33.0% -9.8% -9.2%

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