CREATE, The Current Fiscal Year Ordinary Profit Revised Downward by 23%, Dividend Revised down by 8 yen

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Tue Feb 4, 2025 3:30 pm JST Earnings

3024 CREATE CORPORATION 【J-GAAP】

Earnings Report

CREATE CORPORATION <3024> [TSE Std] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 25.8% from the same period last year, reaching 531 million yen.

However, the full-year consolidated ordinary profit has decreased 23.3%, from the previous forecast of 900 million yen to 690 million yen (compared to 410 million yen in the previous period), leading to a reduction in the profit growth rate from 2.2 times to 68.3%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 30.0%, from the previous forecast of 700 million yen to 490 million yen (compared to 324 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 2.2 times to 51.2%.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 42 yen to 34 yen (compared to 26 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 331 million yen, a 1.5% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.4% in the same period last year to 3.3%.

Kabutan News

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	25,845	508	500	307	77.9	74.0	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	27,244	425	422	249	64.2	102.9	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	27,297	546	531	339	86.7	77.0	Feb 4, 2025	J-GAAP
YoY	+0.2%	+28.5%	+25.8%	+36.1%	+35.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	19,616	682	700	433	111.5	28	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	18,516	472	490	323	83.2	20	Feb 4, 2025	J-GAAP
Revision Rate	-5.6%	-30.8%	-30.0%	-25.4%	-25.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	37,000	900	900	540	139.1	42	May 14, 2024	J-GAAP
Mar, 2025 New	35,900	690	690	430	110.8	34	Feb 4, 2025	J-GAAP
Revision Rate	-3.0%	-23.3%	-23.3%	-20.4%	-20.4%

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	18,488	323	324	110	28.3	18	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,516	472	490	323	83.2	20	Feb 4, 2025	J-GAAP
YoY	+0.2%	+46.1%	+51.2%	+193.6%	+194.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,881	679	676	419	106.6	24	May 11, 2023	J-GAAP
Mar, 2024	35,860	413	410	143	36.8	26	May 14, 2024	J-GAAP
Mar, 2025 Guidance	35,900	690	690	430	110.8	34	Feb 4, 2025	J-GAAP
YoY	+0.1%	+67.1%	+68.3%	+200.7%	+201.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,872	335	336	216	55.7	3.4	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	8,616	-12	-12	-106	-27.3	-0.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	8,422	75	66	28	7.3	0.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	8,962	143	134	79	20.3	1.6	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	9,913	328	331	232	59.4	3.3	Feb 4, 2025	J-GAAP
YoY	+0.4%	-2.1%	-1.5%	+7.4%	+6.7%