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Chino Corporation, First Half Ordinary Profit Increases by 7%, July-September Ordinary Profit Increases by 20%

Tue Nov 12, 2024 3:30 pm JST Earnings

6850 Chino Corporation 【J-GAAP】

Earnings Report

Chino Corporation <6850> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.4% from the same period last year, reaching 1.14 billion yen. The progress rate against the 2.65 billion yen full-year plan was 43.1%, exceeding the five-year average of 32.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 11.7% from the same period last year, reaching 1.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 20.5% from the same period last year, reaching 706 million yen. The operating profit margin improved from 8.3% in the same period last year to 9.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 10,273 538 770 446 26.4 33.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 12,000 914 1,064 618 36.4 44.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 13,166 1,066 1,143 633 37.3 43.1 Nov 12, 2024 J-GAAP
YoY +9.7% +16.6% +7.4% +2.4% +2.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 12,700 980 1,070 650 38.2 12.50 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 13,166 1,066 1,143 633 37.3 12.50 Nov 12, 2024 J-GAAP
Revision Rate +3.7% +8.8% +6.8% -2.6% -2.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 15,425 1,259 1,349 1,138 67.0 20 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,334 1,384 1,507 977 57.4 22.50 Nov 12, 2024 J-GAAP
YoY -0.6% +9.9% +11.7% -14.1% -14.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,793 2,018 2,294 1,536 90.6 26 May 12, 2023 J-GAAP
Mar, 2024 27,425 2,173 2,413 1,756 103.4 30 May 13, 2024 J-GAAP
Mar, 2025 Guidance 28,500 2,450 2,650 1,610 94.7 35 May 13, 2024 J-GAAP
YoY +3.9% +12.7% +9.8% -8.3% -8.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,483 537 586 356 21.0 8.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 6,931 447 464 478 28.2 6.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,494 812 885 660 38.9 9.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 5,795 358 437 204 12.0 6.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,371 708 706 429 25.3 9.6 Nov 12, 2024 J-GAAP
YoY +13.7% +31.8% +20.5% +20.5% +20.4%

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