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CUMICA, First Half Ordinary Profit Turns to Loss, Sep-Nov Ordinary Profit Turns to Loss

Tue Jan 14, 2025 3:00 pm JST Earnings

8887 SYLA Holdings Co., Ltd. 【J-GAAP】

Earnings Report

CUMICA CORPORATION <8887> [TSE Std] announced its financial results in the afternoon session on January 14th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a loss of 89 million yen (compared to a profit of 139 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to May period (2H) is expected to grow 23.9% from the same period last year, reaching 202 million yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit/loss turned to a loss of 81 million yen (compared to a profit of 45 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.9% in the same period last year to -11.6%.

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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
Jun - Nov, 2022 3,845 801 813 564 53.3 75.2 Jan 12, 2023 J-GAAP
Jun - Nov, 2023 2,219 146 139 24 2.3 46.0 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 1,035 -85 -89 -67 -5.9 ー Jan 14, 2025 J-GAAP
YoY -53.4% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance ー ー ー ー － 2 Oct 15, 2024 J-GAAP
Jun - Nov, 2024 Results 1,035 -85 -89 -67 -5.9 2 Jan 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 2,546 149 163 188 17.8 10 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 3,639 228 202 146 12.1 2 Jan 14, 2025 J-GAAP
YoY +42.9% +53.0% +23.9% -22.3% -32.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 7,444 1,083 1,081 765 72.3 40 Jul 31, 2023 J-GAAP
May, 2024 4,765 295 302 212 20.1 30 Jul 12, 2024 J-GAAP
May, 2025 Guidance 4,674 143 113 79 6.6 4 Oct 15, 2024 J-GAAP
YoY -1.9% -51.5% -62.6% -62.7% -67.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,275 50 45 33 3.1 3.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 237 -107 -85 -97 -9.3 -45.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,309 256 248 285 27.0 11.1 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 551 -29 -8 -13 -1.3 -5.3 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 484 -56 -81 -54 -4.8 -11.6 Jan 14, 2025 J-GAAP
YoY -62.0% － － － －

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