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CTS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 11%, Oct-Dec Ordinary Profit Increases by 9%

Thu Jan 30, 2025 1:00 pm JST Earnings

4345 CTS Co.,Ltd. 【J-GAAP】

Earnings Report

CTS Co.,Ltd. <4345> [TSE Prime] announced its financial results in the afternoon session on January 30th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 11.5% from the same period last year, reaching 2.36 billion yen. The progress rate toward the full-year plan of 2.95 billion yen was 80.2%, also surpassing the five-year average of 75.5%.

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 January to March period (4Q) is expected to decrease 11.8% from the same period last year to 0.58 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 9.4% from the same period last year, reaching 0.95 billion yen. However, the operating profit margin decreased from 30.0% in the same period last year to 28.7%.

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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
Apr - Dec, 2022 8,152 1,990 2,033 1,294 30.5 74.7 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 8,243 2,132 2,122 1,424 33.6 76.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 8,937 2,320 2,365 1,606 38.3 80.2 Jan 30, 2025 J-GAAP
YoY +8.4% +8.8% +11.5% +12.8% +14.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 5,745 1,601 1,538 1,025 24.2 12.50 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,192 1,578 1,542 1,031 25.0 12.50 Oct 31, 2024 J-GAAP
YoY +7.8% -1.4% +0.3% +0.6% +3.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,797 2,691 2,722 1,758 41.5 22 Apr 28, 2023 J-GAAP
Mar, 2024 11,090 2,865 2,785 1,858 43.9 22.50 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 12,000 3,000 2,950 1,980 47.9 25 Apr 30, 2024 J-GAAP
YoY +8.2% +4.7% +5.9% +6.6% +9.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,898 868 875 591 14.0 30.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,847 733 663 434 10.3 25.7 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 2,751 636 641 427 10.1 23.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,057 786 767 522 12.4 25.7 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 3,129 898 957 657 15.7 28.7 Jan 30, 2025 J-GAAP
YoY +8.0% +3.5% +9.4% +11.2% +12.4%

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