CASIO COMPUTER CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 13%

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Wed Nov 27, 2024 3:30 pm JST Earnings

6952 CASIO COMPUTER CO.,LTD. 【J-GAAP】

Earnings Report

CASIO COMPUTER CO.,LTD. <6952> [TSE Prime] announced its financial results after the market closed on November 27th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.8% from the same period last year to 9.93 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 13.3%, from the previous forecast of 15 billion yen to 13 billion yen (compared to 17.9 billion yen in the previous period), leading to an increase in the profit decline rate from 16.3% to 27.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 58.4% from the same period last year to 3.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 4.36 billion yen, a 2.1% decrease compared to the same period last year. However, the operating profit margin improved from 5.4% in the same period last year to 8.1%.

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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	133,310	10,079	11,568	8,294	34.6	59.1	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	133,543	8,177	10,549	7,259	30.8	58.9	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	136,947	10,341	9,932	3,580	15.6	76.4	Nov 27, 2024	J-GAAP
YoY	+2.5%	+26.5%	-5.8%	-50.7%	-49.4%

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	137,500	8,000	7,500	5,000	21.9	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	136,947	10,341	9,932	3,580	15.6	22.50	Nov 27, 2024	J-GAAP
Revision Rate	-0.4%	+29.3%	+32.4%	-28.4%	-29.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	275,000	16,000	15,000	10,000	43.9	－	May 14, 2024	J-GAAP
Mar, 2025 New	262,000	14,000	13,000	8,000	35.1	－	Nov 27, 2024	J-GAAP
Revision Rate	-4.7%	-12.5%	-13.3%	-20.0%	-20.0%

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	135,285	6,031	7,371	4,650	19.9	22.50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	125,053	3,659	3,068	4,420	19.4	－	Nov 27, 2024	J-GAAP
YoY	-7.6%	-39.3%	-58.4%	-4.9%	-2.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	263,831	18,164	19,570	13,079	54.7	45	May 11, 2023	J-GAAP
Mar, 2024	268,828	14,208	17,920	11,909	50.9	45	May 14, 2024	J-GAAP
Mar, 2025 Guidance	262,000	14,000	13,000	8,000	35.1	－	Nov 27, 2024	J-GAAP
YoY	-2.5%	-1.5%	-27.5%	-32.8%	-31.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	70,862	3,850	4,454	3,810	16.2	5.4	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	67,742	3,643	3,619	2,727	11.6	5.4	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	67,543	2,388	3,752	1,923	8.2	3.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	65,217	4,529	5,570	6,178	26.7	6.9	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	71,730	5,812	4,362	-2,598	-11.3	8.1	Nov 27, 2024	J-GAAP
YoY	+1.2%	+51.0%	-2.1%	－	－