CAPITA Inc., First Half Ordinary Profit Increases by 3.4 times, Exceeds Full-Year Plan

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Wed Nov 13, 2024 4:00 pm JST Earnings

7462 CAPITA Inc. 【J-GAAP】

Earnings Report

CAPITA Inc. <7462> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.4 times that of the same period last year, reaching 54 million yen, exceeded the previous forecast of 38 million yen.

The progress rate against the full-year plan of 46 million yen is 117.4%, already exceeding the target and also exceeding the five-year average of 56.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 8 million yen (compared to a profit of 24 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 41.7% from the same period last year, reaching 17 million yen. The operating profit margin improved from 1.7% in the same period last year to 2.7%.

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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	1,737	58	56	34	9.5	70.0	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	1,545	19	16	10	2.9	40.0	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,971	60	54	41	11.6	117.4	Nov 13, 2024	J-GAAP
YoY	+27.6%	+215.8%	+237.5%	+310.0%	+303.8%

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	2,163	44	38	33	9.2	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,971	60	54	41	11.6	0	Nov 13, 2024	J-GAAP
Revision Rate	-8.9%	+36.4%	+42.1%	+24.2%	+26.5%

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	1,499	33	24	12	3.4	2	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,760	-3	-8	-18	-5.0	2	Nov 13, 2024	J-GAAP
YoY	+17.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,344	82	80	55	15.5	2	May 12, 2023	J-GAAP
Mar, 2024	3,044	52	40	22	6.3	2	May 14, 2024	J-GAAP
Mar, 2025 Guidance	3,731	57	46	23	6.4	2	May 14, 2024	J-GAAP
YoY	+22.6%	+9.6%	+15.0%	+4.5%	+1.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	808	14	12	8	2.3	1.7	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	769	28	23	15	4.3	3.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	730	5	1	-3	-0.9	0.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,228	40	37	29	8.3	3.3	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	743	20	17	12	3.4	2.7	Nov 13, 2024	J-GAAP
YoY	-8.0%	+42.9%	+41.7%	+50.0%	+47.4%