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CORE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 4%, Oct-Dec Ordinary Profit Decreases by 12%

Thu Jan 30, 2025 3:30 pm JST Earnings

2359 CORE CORPORATION 【J-GAAP】

Earnings Report

CORE CORPORATION <2359> [TSE Prime] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 3.6% from the same period last year to 2.19 billion yen. The progress rate toward the full-year plan of 3.4 billion yen was 64.5%, also falling below the five-year average of 68.5%.

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 grow 28.0% from the same period last year, reaching 1.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.81 billion yen, a 12.4% decrease compared to the same period last year. The operating profit margin decreased from 15.0% in the same period last year to 13.0%.

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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 16,597 2,033 2,078 1,407 98.6 73.9 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 17,330 2,220 2,275 1,573 109.9 70.7 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 17,909 2,111 2,192 1,400 97.6 64.5 Jan 30, 2025 J-GAAP
YoY +3.3% -4.9% -3.6% -11.0% -11.3%

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 12,799 1,838 1,875 1,338 93.5 45 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,203 1,985 2,024 1,446 100.6 45 Oct 28, 2024 J-GAAP
YoY +11.0% +8.0% +7.9% +8.1% +7.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,848 2,743 2,812 1,968 137.9 40 Apr 27, 2023 J-GAAP
Mar, 2024 23,998 3,140 3,219 2,270 158.6 50 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 26,000 3,300 3,400 2,400 167.0 55 Apr 26, 2024 J-GAAP
YoY +8.3% +5.1% +5.6% +5.7% +5.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,131 918 931 641 44.8 15.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 6,668 920 944 697 48.7 13.8 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 5,788 597 652 456 31.8 10.3 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 6,009 718 724 498 34.8 11.9 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 6,112 796 816 446 31.1 13.0 Jan 30, 2025 J-GAAP
YoY -0.3% -13.3% -12.4% -30.4% -30.6%

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