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

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Tue Jan 14, 2025 3:00 pm JST Earnings

8887 CUMICA CORPORATION 【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%.

Kabutan News

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%	－	－	－	－