CAN DO, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 32%, Sep-Nov Ordinary Profit Increases by 2.8 times

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Thu Jan 9, 2025 3:30 pm JST Earnings

2698 CAN DO CO.,LTD. 【J-GAAP】

Earnings Report

CAN DO CO.,LTD. <2698> [TSE Std] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded 458 million yen, an increase 31.6% compared to the same period last year. The progress rate toward the full-year plan of 500 million yen was 91.6%, it was below the same period of the previous year of 117.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to February period (4Q) is expected to turn into a profit of 42 million yen (compared to a loss of 52 million yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit surged 2.8 times that of the same period last year, reaching 309 million yen. The operating profit margin remained almost flat, changing from 0.4% in the same period last year to 0.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Dec - Aug, 2021 Changed	54,984	432	492	56	3.6	77.7	Oct 4, 2022	J-GAAP
Mar - Nov, 2023	59,661	302	348	-200	-12.5	117.6	Jan 10, 2024	J-GAAP
Mar - Nov, 2024	62,440	536	458	-72	-4.5	91.6	Jan 9, 2025	J-GAAP
YoY	+4.7%	+77.5%	+31.6%	+64.0%	+63.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	40,821	30	57	-1,007	-63.0	8.50	Apr 9, 2024	J-GAAP
Sep - Feb, 2024 Guidance	43,231	32	351	283	17.7	8.50	Oct 8, 2024	J-GAAP
YoY	+5.9%	+6.7%	+515.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023 Changed	93,150	538	633	-343	-21.5	17	Apr 11, 2023	J-GAAP
Feb, 2024	80,357	242	296	-1,166	-73.0	17	Apr 9, 2024	J-GAAP
Feb, 2025 Guidance	85,000	450	500	40	2.5	17	Apr 9, 2024	J-GAAP
YoY	+5.8%	+86.0%	+68.9%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	20,125	90	109	-41	-2.6	0.4	Jan 10, 2024	J-GAAP
Dec - Feb, 2023	20,696	-60	-52	-966	-60.5	-0.3	Apr 9, 2024	J-GAAP
Mar - May, 2024	20,920	311	318	79	5.0	1.5	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	20,849	107	-169	-322	-20.1	0.5	Oct 8, 2024	J-GAAP
Sep - Nov, 2024	20,671	118	309	171	10.8	0.6	Jan 9, 2025	J-GAAP
YoY	+2.7%	+31.1%	+183.5%	－	－