COPRO-HOLDINGS. Co., Ltd., First Half Ordinary Profit Increases by 55%

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Wed Nov 13, 2024 1:00 pm JST Earnings

7059 COPRO-HOLDINGS. Co., Ltd. 【J-GAAP】

Earnings Report

COPRO-HOLDINGS. Co., Ltd. <7059> [TSE-P] announced its financial results in the afternoon session on November 13th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.25 billion yen, an increase of 55.2% compared to the same period last year, exceeded the previous forecast of 1.04 billion yen.

The progress rate against the 2.71 billion yen full-year plan was 46.3%, exceeding the five-year average of 38.1%.

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 4.0% from the same period last year, reaching 1.45 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 64.3% from the same period last year, reaching 825 million yen. The operating profit margin improved from 8.7% in the same period last year to 11.1%.

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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	8,670	469	472	280	15.1	35.6	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	11,137	737	810	510	27.3	36.6	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	14,227	1,237	1,257	797	41.7	46.3	Nov 13, 2024	J-GAAP
YoY	+27.7%	+67.8%	+55.2%	+56.3%	+52.9%

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	13,948	1,032	1,046	675	35.6	20	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	14,227	1,237	1,257	797	41.7	20	Nov 13, 2024	J-GAAP
Revision Rate	+2.0%	+19.9%	+20.2%	+18.1%	+17.0%

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	12,961	1,404	1,401	953	50.6	35	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,773	1,463	1,457	958	50.5	40	Nov 13, 2024	J-GAAP
YoY	+21.7%	+4.2%	+4.0%	+0.5%	-0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,791	1,321	1,324	864	46.6	25	May 15, 2023	J-GAAP
Mar, 2024	24,098	2,141	2,211	1,463	77.7	50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	30,000	2,700	2,714	1,755	92.5	60	May 14, 2024	J-GAAP
YoY	+24.5%	+26.1%	+22.7%	+20.0%	+19.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,731	501	502	319	17.1	8.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	6,359	669	670	426	22.7	10.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	6,602	735	731	527	28.0	11.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	6,870	418	432	265	13.8	6.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,357	819	825	532	27.8	11.1	Nov 13, 2024	J-GAAP
YoY	+28.4%	+63.5%	+64.3%	+66.8%	+63.1%