kabutan

CENTRAL AUTOMOTIVE PRODUCTS LTD., First Half Ordinary Profit Increases by 6%, Current Fiscal Year Dividend Revised Upward by 3 yen

Thu Nov 14, 2024 2:20 pm JST Earnings

8117 CENTRAL AUTOMOTIVE PRODUCTS LTD. 【J-GAAP】

Earnings Report

CENTRAL AUTOMOTIVE PRODUCTS LTD. <8117> [TSE-S] announced its financial results in the afternoon session on November 14th (14:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.1% from the same period last year, reaching 5.92 billion yen. The progress rate against the 11.8 billion yen full-year plan was 50.2%, also surpassing the five-year average of 46.6%.

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 3.6% from the same period last year, reaching 5.87 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 135 yen to 138 yen (compared to 130 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 12.4% from the same period last year, reaching 3.3 billion yen. The operating profit margin rose from 25.7% in the same period last year to 27.8%.

Kabutan News

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 16,156 3,394 3,718 2,564 46.6 41.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 19,252 4,992 5,587 3,865 70.1 49.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 19,439 5,172 5,926 4,171 75.6 50.2 Nov 14, 2024 J-GAAP
YoY +1.0% +3.6% +6.1% +7.9% +7.8%

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 19,600 5,100 5,600 3,900 70.6 21.67 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 19,439 5,172 5,926 4,171 75.6 22.67 Nov 14, 2024 J-GAAP
Revision Rate -0.8% +1.4% +5.8% +6.9% +7.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 41,000 10,800 11,800 8,100 146.7 45 May 14, 2024 J-GAAP
Mar, 2025 New 41,000 10,800 11,800 8,100 146.7 46 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 20,079 5,174 5,671 4,059 73.6 25.33 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,561 5,628 5,874 3,929 71.1 23.33 Nov 14, 2024 J-GAAP
YoY +7.4% +8.8% +3.6% -3.2% -3.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,878 8,356 8,968 6,292 114.2 30.67 May 12, 2023 J-GAAP
Mar, 2024 39,331 10,166 11,258 7,924 143.6 43.33 May 14, 2024 J-GAAP
Mar, 2025 Guidance 41,000 10,800 11,800 8,100 146.7 46 Nov 14, 2024 J-GAAP
YoY +4.2% +6.2% +4.8% +2.2% +2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,325 2,654 2,944 2,056 37.3 25.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 10,243 2,721 3,027 2,094 38.0 26.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,836 2,453 2,644 1,965 35.6 24.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,993 2,272 2,617 1,830 33.2 25.3 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 10,446 2,900 3,309 2,341 42.4 27.8 Nov 14, 2024 J-GAAP
YoY +1.2% +9.3% +12.4% +13.9% +13.7%

Related Articles