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

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 54.4 9 Nov 13, 2024 J-GAAP
YoY +8.8% +19.2% +25.2% +41.8% +41.4%

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 80.1 18 May 15, 2024 J-GAAP
YoY +10.1% +8.2% +5.4% +10.2% +9.9%

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%

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