CREAL Inc., First Half Ordinary Profit Increases by 72%

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Thu Nov 14, 2024 3:30 pm JST Earnings

2998 CREAL Inc. 【J-GAAP】

Earnings Report

CREAL Inc. <2998> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 973 million yen, an increase of 71.9% compared to the same period last year. The progress rate against the 1.25 billion yen full-year plan was 77.8%, also surpassing the progress rate of 60.1% 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 decrease by 26.1% from the same period last year to 277 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 172 million yen, a 33.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.2% in the same period last year to 2.4%.

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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	9,340	503	475	327	66.8	95.8	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	9,335	589	566	349	60.5	60.1	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	21,672	1,032	973	741	125.2	77.8	Nov 14, 2024	J-GAAP
YoY	+132.2%	+75.2%	+71.9%	+112.3%	+107.0%

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 15, 2024	J-GAAP
Apr - Sep, 2024 Results	21,672	1,032	973	741	125.2	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	11,709	391	375	298	51.3	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,928	318	277	109	18.3	0	Nov 14, 2024	J-GAAP
YoY	+87.3%	-18.7%	-26.1%	-63.4%	-64.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,436	547	496	336	66.0	0	May 15, 2023	J-GAAP
Mar, 2024	21,044	980	941	647	111.4	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	43,600	1,350	1,250	850	142.7	0	May 15, 2024	J-GAAP
YoY	+107.2%	+37.8%	+32.8%	+31.4%	+28.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,719	267	258	134	23.2	7.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	4,738	151	144	101	17.4	3.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	6,971	240	231	197	33.9	3.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	13,827	841	801	599	101.5	6.1	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	7,845	191	172	142	24.0	2.4	Nov 14, 2024	J-GAAP
YoY	+110.9%	-28.5%	-33.3%	+6.0%	+3.4%