CHIKARANOMOTO HOLDINGS Co.,Ltd., First Half Ordinary Profit Revised Downward to an Unexpected 21%Decrease

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Wed Nov 13, 2024 11:30 am JST Earnings

3561 CHIKARANOMOTO HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

CHIKARANOMOTO HOLDINGS Co.,Ltd. <3561> [TSE-P] announced its financial results at noon (11:30) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 21.1% from the same period last year to 1.17 billion yen, resulting in a decrease in profits compared to the previous forecast of a 6.8% increase.

The progress rate against the 3.67 billion yen full-year plan was 32.0%, also falling below the five-year average of 42.4%.

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 25.2% from the same period last year, reaching 2.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 493 million yen, a 39.0% decrease compared to the same period last year. The operating profit margin worsened from 9.9% in the same period last year to 8.0%.

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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	11,691	799	929	694	25.3	40.0	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	14,879	1,350	1,491	1,032	34.4	42.7	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	16,611	1,247	1,177	772	25.6	32.0	Nov 13, 2024	J-GAAP
YoY	+11.6%	-7.6%	-21.1%	-25.2%	-25.5%

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	16,636	1,533	1,593	1,055	35.0	9	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	16,611	1,247	1,177	772	25.6	9	Nov 13, 2024	J-GAAP
Revision Rate	-0.2%	-18.7%	-26.1%	-26.8%	-26.8%

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	16,897	1,946	1,998	1,154	38.5	13	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,389	2,319	2,501	1,636	54.3	9	Nov 13, 2024	J-GAAP
YoY	+8.8%	+19.2%	+25.2%	+41.8%	+41.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	26,116	2,281	2,321	1,628	57.1	15	May 12, 2023	J-GAAP
Mar, 2024	31,776	3,296	3,489	2,186	72.9	20	May 15, 2024	J-GAAP
Mar, 2025 Guidance	35,000	3,566	3,678	2,408	79.9	18	May 15, 2024	J-GAAP
YoY	+10.1%	+8.2%	+5.4%	+10.2%	+9.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,830	777	808	562	18.7	9.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	8,484	1,081	1,025	725	24.2	12.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	8,413	865	973	429	14.3	10.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,171	575	684	447	14.8	7.0	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	8,440	672	493	325	10.8	8.0	Nov 13, 2024	J-GAAP
YoY	+7.8%	-13.5%	-39.0%	-42.2%	-42.4%