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

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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%