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Copa Corp, Mar-Nov (Cumulative 3Q) Ordinary Profit Loss Narrows, Sep-Nov Ordinary Profit Loss Narrows

Tue Jan 14, 2025 3:30 pm JST Earnings

7689 Copa Corporation Inc. 【J-GAAP】

Earnings Report

Copa Corporation Inc. <7689> [TSE Growth] announced its financial results after the market closed on January 14th (15:30). The ordinary loss (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was a reduced loss of 170 million yen (compared to a loss of 250 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the December to February period (4Q) is expected to turn into a profit of 173 million yen (compared to a loss of 121 million yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the ordinary loss improved to a deficit of 109 million yen (compared to a loss of 130 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -28.3% in the same period last year to -28.5%.

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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 2,098 -32 -32 -17 -5.8 ー Jan 13, 2023 J-GAAP
Mar - Nov, 2023 1,841 -248 -250 -1,148 -387.5 ー Jan 12, 2024 J-GAAP
Mar - Nov, 2024 1,645 -172 -170 -170 -57.6 ー Jan 14, 2025 J-GAAP
YoY -10.6% +30.6% +32.0% +85.2% +85.1%

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 820 -252 -251 -1,196 -403.9 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,284 67 64 62 21.1 0 Oct 15, 2024 J-GAAP
YoY +56.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 2,572 -116 -117 -133 -45.0 0 Apr 14, 2023 J-GAAP
Feb, 2024 2,205 -371 -371 -1,281 -432.6 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 2,550 3 3 1 0.3 0 Apr 12, 2024 J-GAAP
YoY +15.6% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 456 -129 -130 -1,063 -358.9 -28.3 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 364 -123 -121 -133 -44.9 -33.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 474 -45 -45 -45 -15.5 -9.5 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 792 -19 -16 -16 -5.5 -2.4 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 379 -108 -109 -109 -36.9 -28.5 Jan 14, 2025 J-GAAP
YoY -16.9% +16.3% +16.2% +89.7% +89.7%

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