Cross E Holdings Corporation Limited, 17% Decrease in Ordinary Profit for The Current Fiscal Year

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Thu Nov 14, 2024 3:30 pm JST Earnings

231A Cross E Holdings Corporation Limited 【J-GAAP】

Earnings Report

Cross E Holdings Corporation Limited <231A> [FSE-Q] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the fiscal year ending September 2024 expanded to 44.0% from the previous period to 494 million yen. However, for the fiscal year ending September 2025, the profit is expected to decrease by 17.0% from the previous period to 410 million yen.

At the same time, the company increased the annual dividend for the previous term from 40 yen to 50.2 yen (compared to no dividend before the 1-to-2 stock split in the previous term). For the current term, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 34.5 yen.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024	4,313	488	494	325	150.5	50.20	Nov 14, 2024	J-GAAP
YoY	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	4,105	418	427	288	116.1	40	Sep 20, 2024	J-GAAP
Sep, 2024 Results	4,313	488	494	325	150.5	50.20	Nov 14, 2024	J-GAAP
Revision Rate	+5.1%	+16.7%	+15.7%	+12.8%	+29.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024	4,313	488	494	325	150.5	50.20	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	3,867	420	410	285	114.9	34.50	Nov 14, 2024	J-GAAP
YoY	-10.3%	-13.9%	-17.0%	-12.3%	-23.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Apr - Jun, 2024	889	26	28	14	6.6	2.9	Jun 29, 2024	J-GAAP
Jul - Sep, 2024	831	-12	-16	-10	-4.6	-1.4	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－