COVER Corporation, First Half Ordinary Profit Increases by 43%, July-September Ordinary Profit Increases by 69%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 12, 2024 3:30 pm JST Earnings

5253 COVER Corporation 【J-GAAP】

Earnings Report

COVER Corporation <5253> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.3 billion yen, an increase of 42.8% compared to the same period last year. The progress rate against the 7.3 billion yen full-year plan was 45.2%, exceeding the same period of the previous year of 41.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 20.7% from the same period last year, reaching 3.99 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 68.7% from the same period last year, reaching 2.38 billion yen. The operating profit margin rose from 19.8% in the same period last year to 23.7%.

Kabutan News

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, 2023	12,276	2,304	2,311	1,657	27.1	41.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	17,104	3,372	3,301	2,120	34.2	45.2	Nov 12, 2024	J-GAAP
YoY	+39.3%	+46.4%	+42.8%	+27.9%	+26.2%

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	16,500	3,170	3,100	1,900	30.7	0	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	17,104	3,372	3,301	2,120	34.2	0	Nov 12, 2024	J-GAAP
Revision Rate	+3.7%	+6.4%	+6.5%	+11.6%	+11.6%

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	17,890	3,232	3,312	2,480	40.6	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,377	3,928	3,999	2,944	47.3	0	Nov 12, 2024	J-GAAP
YoY	+8.3%	+21.5%	+20.7%	+18.7%	+16.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,451	3,417	3,385	2,508	42.0	0	May 12, 2023	J-GAAP
Mar, 2024	30,166	5,536	5,623	4,137	67.7	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	36,481	7,300	7,300	5,064	81.4	0	May 13, 2024	J-GAAP
YoY	+20.9%	+31.9%	+29.8%	+22.4%	+20.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,134	1,409	1,413	1,036	17.0	19.8	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	6,949	1,187	1,165	968	15.8	17.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	10,941	2,045	2,147	1,512	24.7	18.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	6,416	834	917	620	10.0	13.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	10,688	2,538	2,384	1,500	24.2	23.7	Nov 12, 2024	J-GAAP
YoY	+49.8%	+80.1%	+68.7%	+44.8%	+42.8%