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CHOFU SEISAKUSHO CO.,LTD., July-September (3Q) Ordinary Profit Increases by 9%

Tue Nov 12, 2024 3:30 pm JST Earnings

5946 CHOFU SEISAKUSHO CO.,LTD. 【J-GAAP】

Earnings Report

CHOFU SEISAKUSHO CO.,LTD. <5946> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 31.1% from the same period last year to 2.61 billion yen. The progress rate against the 4.1 billion yen full-year plan was 63.7%, almost the same as the five-year average of 63.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 20.6% from the same period last year to 1.48 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 8.6% from the same period last year, reaching 1.26 billion yen. However, the operating profit margin worsened from 5.1% in the same period last year to 3.0%.

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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, 2022 35,484 1,816 3,600 2,543 73.3 67.0 Nov 2, 2022 J-GAAP
Jan - Sep, 2023 34,609 2,063 3,793 2,680 78.4 66.9 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 31,725 538 2,612 1,847 54.4 63.7 Nov 12, 2024 J-GAAP
YoY -8.3% -73.9% -31.1% -31.1% -30.5%

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 25,144 1,859 3,043 2,154 63.1 23 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 25,566 1,612 2,757 1,926 56.6 23 Aug 9, 2024 J-GAAP
YoY +1.7% -13.3% -9.4% -10.6% -10.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 49,792 2,969 5,370 3,866 111.6 38 Feb 9, 2023 J-GAAP
Dec, 2023 48,506 3,343 5,668 3,998 117.1 43 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 45,800 1,800 4,100 2,900 85.3 46 Aug 9, 2024 J-GAAP
YoY -5.6% -46.2% -27.7% -27.5% -27.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,247 579 1,168 836 24.4 5.1 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 13,897 1,280 1,875 1,318 38.6 9.2 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,615 423 887 627 18.5 4.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,619 -235 456 347 10.2 -2.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 11,491 350 1,269 873 25.7 3.0 Nov 12, 2024 J-GAAP
YoY +2.2% -39.6% +8.6% +4.4% +5.2%

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