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CDS Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 9%

Tue Nov 12, 2024 3:30 pm JST Earnings

2169 CDS Co.,Ltd. 【J-GAAP】

Earnings Report

CDS Co.,Ltd. <2169> [TSE-S] 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) decreased by 8.5% from the same period last year to 1.07 billion yen. The progress rate against the 1.43 billion yen full-year plan was 74.7%, which was higher than the five-year average of 71.7%.

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 grow by 22.6% from the same period last year, reaching 363 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 390 million yen, an increase of 1.8% compared to the same period last year. However, the operating profit margin decreased from 15.6% in the same period last year to 13.8%.

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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 7,292 1,234 1,247 844 123.9 79.5 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 7,416 1,170 1,171 786 115.3 79.8 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 7,794 1,072 1,071 715 105.0 74.7 Nov 12, 2024 J-GAAP
YoY +5.1% -8.4% -8.5% -9.0% -9.0%

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 4,769 678 679 469 68.8 34 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 5,010 758 753 513 75.2 44 Aug 9, 2024 J-GAAP
YoY +5.1% +11.8% +10.9% +9.4% +9.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 9,658 1,550 1,568 1,006 147.5 60 Feb 13, 2023 J-GAAP
Dec, 2023 9,722 1,465 1,467 998 146.4 66 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 10,000 1,443 1,434 966 141.7 78 Aug 9, 2024 J-GAAP
YoY +2.9% -1.5% -2.2% -3.2% -3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,463 383 383 257 37.7 15.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,306 295 296 212 31.1 12.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,747 467 463 314 46.1 17.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,243 218 218 139 20.4 9.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,804 387 390 262 38.5 13.8 Nov 12, 2024 J-GAAP
YoY +13.8% +1.0% +1.8% +1.9% +2.0%

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