CEDAR.Co.,Ltd, First Half Ordinary Profit Increases by 40%, July-September Ordinary Profit Increases by 45%

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Wed Nov 13, 2024 12:00 pm JST Earnings

2435 CEDAR.Co.,Ltd 【J-GAAP】

Earnings Report

CEDAR.Co.,Ltd <2435> [TSE-S] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 472 million yen, an increase of 40.1% compared to the same period last year. The progress rate against the 545 million yen full-year plan was 86.6%, also surpassing the progress rate of 52.2% from the same period of the previous year.

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 significant drop by 76.4% from the same period last year to 73 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 45.0% from the same period last year, reaching 216 million yen. The operating profit margin improved from 4.6% in the same period last year to 5.9%.

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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	8,070	-53	-109	-122	-10.9	ー	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	8,602	426	337	226	20.2	52.2	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	8,923	564	472	245	21.9	86.6	Nov 13, 2024	J-GAAP
YoY	+3.7%	+32.4%	+40.1%	+8.4%	+8.4%

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	8,923	564	472	245	21.8	0	Nov 7, 2024	J-GAAP
Apr - Sep, 2024 Results	8,923	564	472	245	21.9	0	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.1%

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	8,702	341	309	-23	-2.1	4	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,570	206	73	33	2.9	6	Nov 7, 2024	J-GAAP
YoY	-1.5%	-39.6%	-76.4%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,442	136	24	-276	-24.7	0	May 12, 2023	J-GAAP
Mar, 2024	17,304	767	646	203	18.1	4	May 14, 2024	J-GAAP
Mar, 2025 Guidance	17,493	770	545	278	24.8	6	May 14, 2024	J-GAAP
YoY	+1.1%	+0.4%	-15.6%	+36.9%	+36.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,322	199	149	102	9.1	4.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	4,378	217	198	130	11.6	5.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	4,324	124	111	-153	-13.7	2.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,440	301	256	75	6.7	6.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	4,483	263	216	170	15.2	5.9	Nov 13, 2024	J-GAAP
YoY	+3.7%	+32.2%	+45.0%	+66.7%	+66.7%