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CERES, The Current Fiscal Year Ordinary Profit Revised Upward by 40%, Dividend Revised Upward by 20 yen

Mon Dec 23, 2024 12:00 pm JST Revision

3696 CERES INC. 【J-GAAP】

Guidance Update Report

CERES INC. <3696> [TSE Prime] announced a revision to its performance and dividend at noon (12:00) on December 23rd. The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward 40.0%, from the previous forecast of 2 billion yen to 2.8 billion yen (compared to 1.21 billion yen in the previous period), increasing the growth rate from 64.3% to 2.3 times.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated ordinary profit is expected to increase 85.9%, from the previous forecast of 931 million yen to 1.73 billion yen (compared to 686 million yen in the same period of the previous year), increasing the growth rate from 35.7% to 2.5 times.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 60 yen (compared to 20 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 13,849 789 931 527 45.8 40 Oct 25, 2024 J-GAAP
Jul - Dec, 2024 New 14,449 1,389 1,731 827 72.0 60 Dec 23, 2024 J-GAAP
Revision Rate +4.3% +76.0% +85.9% +56.9% +57.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 27,000 1,600 2,000 1,200 104.3 40 Oct 25, 2024 J-GAAP
Dec, 2024 New 27,600 2,200 2,800 1,500 130.6 60 Dec 23, 2024 J-GAAP
Revision Rate +2.2% +37.5% +40.0% +25.0% +25.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 12,850 652 686 97 8.5 20 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 14,449 1,389 1,731 827 72.0 60 Dec 23, 2024 J-GAAP
YoY +12.4% +113.0% +152.3% +752.6% +746.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 20,536 1,246 679 46 4.1 20 Feb 10, 2023 J-GAAP
Dec, 2023 24,070 1,118 1,217 451 39.6 20 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 27,600 2,200 2,800 1,500 130.6 60 Dec 23, 2024 J-GAAP
YoY +14.7% +96.8% +130.1% +232.6% +230.1%

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