CMC CORPORATION, 16% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend to Rise by 8 yen

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Mon Nov 11, 2024 3:00 pm JST Earnings

2185 CMC CORPORATION 【J-GAAP】

Earnings Report

CMC CORPORATION <2185> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 10.8% from the previous period to 3.18 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 16.3% to 3.7 billion yen, marking the second consecutive term of record-high profits. This will be the fifth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 52 yen, an increase of 8 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit increased by 47.8% from the same period last year, reaching 1.35 billion yen. The operating profit margin jumped from 14.9% in the same period last year to 20.4%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	17,917	2,590	2,964	2,003	150.6	30	Nov 11, 2022	J-GAAP
Sep, 2023	18,451	2,617	2,873	1,762	133.0	38	Nov 10, 2023	J-GAAP
Sep, 2024	19,523	2,975	3,182	2,078	156.7	44	Nov 11, 2024	J-GAAP
YoY	+5.8%	+13.7%	+10.8%	+17.9%	+17.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	19,000	2,700	2,900	1,800	135.7	44	Nov 10, 2023	J-GAAP
Sep, 2024 Results	19,523	2,975	3,182	2,078	156.7	44	Nov 11, 2024	J-GAAP
Revision Rate	+2.8%	+10.2%	+9.7%	+15.4%	+15.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	9,634	1,538	1,461	955	72.1	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,000	1,400	1,460	900	68.0	24	Nov 11, 2024	J-GAAP
YoY	+3.8%	-9.0%	-0.1%	-5.8%	-5.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	18,451	2,617	2,873	1,762	133.0	38	Nov 10, 2023	J-GAAP
Sep, 2024	19,523	2,975	3,182	2,078	156.7	44	Nov 11, 2024	J-GAAP
Sep, 2025 Guidance	22,000	3,600	3,700	2,400	181.4	52	Nov 11, 2024	J-GAAP
YoY	+12.7%	+21.0%	+16.3%	+15.5%	+15.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,067	757	918	467	35.2	14.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,672	332	157	94	7.2	9.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	5,962	1,206	1,304	861	65.0	20.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	4,076	249	364	167	12.6	6.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,813	1,188	1,357	956	72.1	20.4	Nov 11, 2024	J-GAAP
YoY	+14.7%	+56.9%	+47.8%	+104.7%	+104.6%