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C.S. LUMBER, First Half Ordinary Profit Decreases by 35%, Sep-Nov Ordinary Profit Decreases by 13%

Tue Jan 14, 2025 3:30 pm JST Earnings

7808 C.S. LUMBER CO., INC 【J-GAAP】

Earnings Report

C.S. LUMBER CO., INC <7808> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) dropped 34.8% from the same period last year to 0.81 billion yen. The progress rate toward the full-year plan of 1.9 billion yen was 42.9%, also falling below the five-year average of 51.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to expand 30.4% from the same period last year, reaching 1.08 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 0.52 billion yen, a 13.4% decrease compared to the same period last year. The operating profit margin decreased from 11.5% in the same period last year to 9.6%.

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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 13,116 1,820 1,797 1,276 693.1 56.5 Jan 16, 2023 J-GAAP
Jun - Nov, 2023 10,866 1,292 1,251 855 462.4 60.1 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 9,852 859 816 567 306.7 42.9 Jan 14, 2025 J-GAAP
YoY -9.3% -33.5% -34.8% -33.7% -33.7%

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 8,900 670 640 450 243.3 0 Oct 15, 2024 J-GAAP
Jun - Nov, 2024 Results 9,852 859 816 567 306.7 0 Jan 14, 2025 J-GAAP
Revision Rate +10.7% +28.2% +27.5% +26.0% +26.1%

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 10,266 882 831 580 313.7 80 Jul 16, 2024 J-GAAP
Dec - May, 2024 Guidance 10,148 1,141 1,084 733 396.3 80 Jan 14, 2025 J-GAAP
YoY -1.1% +29.4% +30.4% +26.4% +26.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 24,547 3,248 3,182 2,235 1,212.0 80 Jul 14, 2023 J-GAAP
May, 2024 21,132 2,174 2,082 1,435 776.1 80 Jul 16, 2024 J-GAAP
May, 2025 Guidance 20,000 2,000 1,900 1,300 702.8 80 Oct 15, 2024 J-GAAP
YoY -5.4% -8.0% -8.7% -9.4% -9.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 5,518 635 604 413 223.4 11.5 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 4,965 444 439 304 164.4 8.9 Apr 15, 2024 J-GAAP
Mar - May, 2024 5,301 438 392 276 149.3 8.3 Jul 16, 2024 J-GAAP
Jun - Aug, 2024 4,427 336 293 198 107.5 7.6 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 5,425 523 523 369 199.6 9.6 Jan 14, 2025 J-GAAP
YoY -1.7% -17.6% -13.4% -10.7% -10.6%

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