COSMO ENERGY HOLDINGS COMPANY,LIMITED, First Half Ordinary Profit Decreases by 29%, July-September Ordinary Profit Decreases by 92%

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Tue Nov 12, 2024 4:00 pm JST Earnings

5021 COSMO ENERGY HOLDINGS COMPANY,LIMITED 【J-GAAP】

Earnings Report

COSMO ENERGY HOLDINGS COMPANY,LIMITED <5021> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 29.2% from the same period last year to 58.7 billion yen. The progress rate against the 165 billion yen full-year plan was 35.6%, also falling below the five-year average of 76.7%.

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 expand by 35.2% from the same period last year, reaching 106 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 5.65 billion yen, a 92.3% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 9.8% in the same period last year to -0.6%.

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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	1,371,593	172,889	173,809	94,885	1,165.9	105.7	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	1,308,464	75,912	83,063	46,982	537.7	51.4	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	1,321,131	41,213	58,790	20,639	237.2	35.6	Nov 12, 2024	J-GAAP
YoY	+1.0%	-45.7%	-29.2%	-56.1%	-55.9%

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	－	150	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	1,321,131	41,213	58,790	20,639	237.2	150	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	1,421,106	73,288	78,552	35,078	401.0	150	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,878,869	112,787	106,210	58,361	688.4	150	Nov 12, 2024	J-GAAP
YoY	+32.2%	+53.9%	+35.2%	+66.4%	+71.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,791,872	163,780	164,505	67,935	811.2	150	May 11, 2023	J-GAAP
Mar, 2024	2,729,570	149,200	161,615	82,060	938.1	300	May 9, 2024	J-GAAP
Mar, 2025 Guidance	3,200,000	154,000	165,000	79,000	931.8	300	May 9, 2024	J-GAAP
YoY	+17.2%	+3.2%	+2.1%	-3.7%	-0.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	699,851	68,848	73,104	45,566	521.5	9.8	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	704,735	25,749	30,530	-1,141	-13.1	3.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	716,371	47,539	48,022	36,219	414.1	6.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	655,143	45,017	53,135	24,697	282.4	6.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	665,988	-3,804	5,655	-4,058	-46.6	-0.6	Nov 12, 2024	J-GAAP
YoY	-4.8%	－	-92.3%	－	－