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

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 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 58,361 704.3 150 Nov 12, 2024 J-GAAP
YoY +32.2% +53.9% +35.2% +66.4% +75.6%

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 79,000 953.4 300 May 9, 2024 J-GAAP
YoY +17.2% +3.2% +2.1% -3.7% +1.6%

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 10,180 116.4 3.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 716,371 47,539 48,022 24,898 284.6 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%

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