Columbia Works Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 29%, Adds to Record High Profit Forecast, The Undetermined Dividend to Rise by 19 yen

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Tue Nov 12, 2024 12:00 pm JST Earnings

146A Columbia Works Inc. 【J-GAAP】

Earnings Report

Columbia Works Inc. <146A> [TSE-S] announced its financial results at noon (12:00) on November 12th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 2.68 billion yen, an increase of 99.4% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 28.8%, from the previous forecast of 2.63 billion yen to 3.39 billion yen (compared to 2.38 billion yen in the previous period), increasing the growth rate from 10.7% to 42.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 42.3%, from the previous forecast of 1.79 billion yen to 2.55 billion yen (compared to 2.13 billion yen in the same period of the previous year), turning to a 19.3% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has decided to implement a year-end lump-sum dividend of 110 yen for the current fiscal year, which was previously undecided (compared to 91 yen in the prior term).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 66.8% from the same period last year, reaching 1.84 billion yen. However, the operating profit margin decreased from 21.0% in the same period last year to 19.9%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2024	16,837	3,030	2,688	1,694	537.1	79.1	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	13,098	1,955	1,793	1,241	357.6	－	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	13,650	2,811	2,552	1,558	448.9	110	Nov 12, 2024	J-GAAP
Revision Rate	+4.2%	+43.8%	+42.3%	+25.5%	+25.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	20,081	3,026	2,638	1,803	519.5	－	Mar 27, 2024	J-GAAP
Dec, 2024 New	20,633	3,882	3,397	2,120	610.9	110	Nov 12, 2024	J-GAAP
Revision Rate	+2.7%	+28.3%	+28.8%	+17.6%	+17.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	11,437	2,317	2,139	1,349	539.7	91	Mar 27, 2024	J-GAAP
Jul - Dec, 2024 Guidance	13,650	2,811	2,552	1,558	448.9	110	Nov 12, 2024	J-GAAP
YoY	+19.3%	+21.3%	+19.3%	+15.5%	-16.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	14,469	2,718	2,382	1,516	606.5	91	Mar 27, 2024	J-GAAP
Dec, 2024 Guidance	20,633	3,882	3,397	2,120	610.9	110	Nov 12, 2024	J-GAAP
YoY	+42.6%	+42.8%	+42.6%	+39.8%	+0.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,739	1,122	1,034	664	265.7	19.6	Mar 27, 2024	J-GAAP
Jan - Mar, 2024	1,877	-89	-211	-178	-69.8	-4.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	5,106	1,160	1,056	740	247.3	22.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,854	1,959	1,843	1,132	358.9	19.9	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－