COX, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 10%, Exceeds Full-Year Plan

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Thu Jan 9, 2025 3:30 pm JST Earnings

9876 COX CO.,LTD. 【J-GAAP】

Earnings Report

COX CO.,LTD. <9876> [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) decreased 9.6% from the same period last year to 1.24 billion yen. However, the progress rate toward the full-year plan of 1.15 billion yen is 108.3%, already exceeding the target and also exceeding the same period of the previous year of 98.7%.

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 loss of 0.09 billion yen (compared to a profit of 0.01 billion yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 0.34 billion yen, a 4.1% decrease compared to the same period last year. However, the operating profit margin improved from 7.5% in the same period last year to 8.0%.

Kabutan News

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
Mar - Nov, 2022	11,083	511	517	281	10.2	122.8	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	11,236	1,146	1,378	1,139	41.3	98.7	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	11,442	1,186	1,246	1,105	40.0	108.3	Jan 9, 2025	J-GAAP
YoY	+1.8%	+3.5%	-9.6%	-3.0%	-3.1%

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	7,375	332	381	266	9.6	0	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	7,861	318	252	54	2.0	0	Oct 8, 2024	J-GAAP
YoY	+6.6%	-4.2%	-33.9%	-79.7%	-79.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	14,859	427	421	207	7.5	0	Apr 12, 2023	J-GAAP
Feb, 2024	14,885	1,199	1,396	1,142	41.4	0	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	15,500	1,200	1,150	900	32.6	0	Apr 10, 2024	J-GAAP
YoY	+4.1%	+0.1%	-17.6%	-21.2%	-21.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	3,726	279	363	263	9.5	7.5	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	3,649	53	18	3	0.1	1.5	Apr 10, 2024	J-GAAP
Mar - May, 2024	3,904	465	468	439	15.9	11.9	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	3,735	417	430	407	14.8	11.2	Oct 8, 2024	J-GAAP
Sep - Nov, 2024	3,803	304	348	259	9.4	8.0	Jan 9, 2025	J-GAAP
YoY	+2.1%	+9.0%	-4.1%	-1.5%	-1.6%