CELM,Inc., First Half Ordinary Profit Decreases by 4%, July-September Ordinary Profit Decreases by 16%

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Tue Nov 12, 2024 3:30 pm JST Earnings

7367 CELM,Inc. 【J-GAAP】

Earnings Report

CELM,Inc. <7367> [TSE-S] 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) decreased by 3.9% from the same period last year to 470 million yen. The progress rate against the 1.07 billion yen full-year plan was 43.8%, also falling below the five-year average of 54.4%.

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 16.8% from the same period last year, reaching 604 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 18 yen to 19 yen (compared to 19 yen before the 1-to-2 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 258 million yen, a 16.0% decrease compared to the same period last year. The operating profit margin decreased from 16.3% in the same period last year to 13.8%.

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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	3,264	492	480	269	10.5	52.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	3,430	502	489	290	12.5	48.6	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	3,542	483	470	295	13.2	43.8	Nov 12, 2024	J-GAAP
YoY	+3.3%	-3.8%	-3.9%	+1.7%	+5.6%

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	ー	ー	ー	ー	－	5	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	3,542	483	470	295	13.2	5	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	8,008	1,100	1,074	720	33.6	13	Aug 9, 2024	J-GAAP
Mar, 2025 New	8,008	1,100	1,074	720	33.6	14	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	4,074	535	517	341	14.7	5.50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,466	617	604	425	19.8	9	Nov 12, 2024	J-GAAP
YoY	+9.6%	+15.3%	+16.8%	+24.6%	+34.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,265	936	919	542	21.6	6.50	May 12, 2023	J-GAAP
Mar, 2024	7,504	1,037	1,006	631	27.2	9.50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	8,008	1,100	1,074	720	33.6	14	Nov 12, 2024	J-GAAP
YoY	+6.7%	+6.1%	+6.8%	+14.1%	+23.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,903	310	307	187	8.0	16.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,257	460	460	308	13.3	20.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,817	75	57	33	1.4	4.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,624	219	212	124	5.4	13.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,918	264	258	171	7.6	13.8	Nov 12, 2024	J-GAAP
YoY	+0.8%	-14.8%	-16.0%	-8.6%	-5.0%