CHITA KOGYO, Sep-Nov (3Q) Ordinary Profit Increases by 18%

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Fri Jan 10, 2025 3:00 pm JST Earnings

5993 CHITA KOGYO CO., LTD. 【J-GAAP】

Earnings Report

CHITA KOGYO CO., LTD. <5993> [NSE Main] announced its financial results in the afternoon session on January 10th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was 1.44 billion yen, a 0.2% decrease compared to the same period last year. The progress rate toward the full-year plan of 2.05 billion yen was 70.3%, also falling below the five-year average of 73.1%.

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 for the December to February period (4Q) is expected to grow 23.8% from the same period last year, reaching 0.6 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 17.8% from the same period last year, reaching 0.59 billion yen. The operating profit margin remained almost flat, changing from 9.5% in the same period last year to 9.7%.

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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
Mar - Nov, 2022	9,805	875	1,709	1,179	123.2	84.5	Jan 12, 2023	J-GAAP
Mar - Nov, 2023	10,786	848	1,445	1,004	104.9	74.6	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	11,659	909	1,442	865	90.4	70.3	Jan 10, 2025	J-GAAP
YoY	+8.1%	+7.2%	-0.2%	-13.8%	-13.9%

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	7,639	591	997	720	75.2	8	Apr 5, 2024	J-GAAP
Sep - Feb, 2024 Guidance	7,361	831	1,204	831	86.8	0	Nov 11, 2024	J-GAAP
YoY	-3.6%	+40.6%	+20.8%	+15.4%	+15.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	13,166	1,044	2,023	1,409	147.2	16	Apr 7, 2023	J-GAAP
Feb, 2024	14,526	1,069	1,936	1,373	143.5	16	Apr 5, 2024	J-GAAP
Feb, 2025 Guidance	15,000	1,350	2,050	1,435	149.9	9	Nov 11, 2024	J-GAAP
YoY	+3.3%	+26.3%	+5.9%	+4.5%	+4.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	3,899	370	506	351	36.7	9.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	3,740	221	491	369	38.6	5.9	Apr 5, 2024	J-GAAP
Mar - May, 2024	3,785	313	572	408	42.7	8.3	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	3,854	206	274	196	20.5	5.3	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	4,020	390	596	261	27.3	9.7	Jan 10, 2025	J-GAAP
YoY	+3.1%	+5.4%	+17.8%	-25.6%	-25.7%