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Cuorips Inc., The Current Fiscal Year Ordinary Profit Loss to Narrow

Thu Nov 14, 2024 8:50 am JST Earnings

4894 Cuorips Inc. 【J-GAAP】

Earnings Report

Cuorips Inc. <4894> [TSE-G] announced its financial results in the morning on November 14th (08:50). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 464 million yen (compared to a loss of 328 million yen in the previous period non-consolidated).

However, the full-year consolidated ordinary profit/loss has been revised upward from an expected loss of 1.2 billion yen to a loss of 989 million yen (compared to a loss of 627 million yen in the previous period), indicating a reduction in the loss margin.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to expand to a loss of 525 million yen (compared to a loss of 299 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 273 million yen (compared to a loss of 161 million yen in the previous period non-consolidated). The operating profit/loss margin drastically worsened from -1962.5% in the same period last year to -2900.0%.

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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, 2023 11 -290 -328 -327 -47.9 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 7 -398 -464 -466 -58.4 ー Nov 14, 2024 J-GAAP
YoY -36.4% -37.2% -41.5% -42.5% -21.9%

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 ー ー ー ー － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 7 -398 -464 -466 -58.4 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 20 -1,203 -1,202 -1,206 -149.2 0 May 13, 2024 J-GAAP
Mar, 2025 New 173 -924 -989 -993 -122.8 0 Nov 14, 2024 J-GAAP
Revision Rate +765.0% +23.2% +17.7% +17.7% +17.7%

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 -298 -299 -305 -41.4 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 166 -526 -525 -527 -65.2 0 Nov 14, 2024 J-GAAP
YoY +1,283.3% -76.5% -75.6% -72.8% -57.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 23 -588 -627 -632 -85.9 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 173 -924 -989 -993 -122.8 0 Nov 14, 2024 J-GAAP
YoY +652.2% -57.1% -57.7% -57.1% -43.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8 -157 -161 -161 -23.6 -1,962.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4 -171 -172 -176 -24.6 -4,275.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8 -127 -127 -129 -17.5 -1,587.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 0 -195 -191 -192 -24.2 -Inf Aug 13, 2024 J-GAAP
Jul - Sep, 2024 7 -203 -273 -274 -34.4 -2,900.0 Nov 14, 2024 J-GAAP
YoY -12.5% -29.3% -69.6% -70.2% -45.6%

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