Chiyoda, The Current Fiscal Year Ordinary Profit Revised Upward by 38%

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Wed Feb 5, 2025 12:00 pm JST Earnings

6366 Chiyoda Corporation 【J-GAAP】

Earnings Report

Chiyoda Corporation <6366> [TSE Std] announced its financial results at noon (12:00) on February 5th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 6.0% from the same period last year, reaching 25 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 37.5%, from the previous forecast of 20 billion yen to 27.5 billion yen (compared to a loss of 5.46 billion yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 3.8 times, from the previous forecast of 2.68 billion yen to 10.1 billion yen (compared to a loss of 19.5 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 7.74 billion yen, a 18.6% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.6% in the same period last year to 5.6%.

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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	308,481	13,618	15,636	12,532	42.3	76.9	Feb 2, 2023	J-GAAP
Apr - Dec, 2023	397,463	17,818	23,640	15,692	54.5	ー	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	346,053	19,815	25,058	20,906	74.6	91.1	Feb 5, 2025	J-GAAP
YoY	-12.9%	+11.2%	+6.0%	+33.2%	+36.9%

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	212,658	3,270	2,688	839	3.2	－	Nov 5, 2024	J-GAAP
Oct - Mar, 2024 New	222,658	8,270	10,188	7,839	30.3	－	Feb 5, 2025	J-GAAP
Revision Rate	+4.7%	+152.9%	+279.0%	+834.3%	+833.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	450,000	17,000	20,000	15,000	57.9	－	Jul 29, 2024	J-GAAP
Mar, 2025 New	460,000	22,000	27,500	22,000	84.9	－	Feb 5, 2025	J-GAAP
Revision Rate	+2.2%	+29.4%	+37.5%	+46.7%	+46.7%

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	234,286	-25,803	-19,583	-24,465	-107.0	0	Jun 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	222,658	8,270	10,188	7,839	30.3	－	Feb 5, 2025	J-GAAP
YoY	-5.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	430,163	18,116	20,322	15,187	50.5	0	May 9, 2023	J-GAAP
Mar, 2024	505,981	-15,006	-5,461	-15,831	-69.2	0	Jun 26, 2024	J-GAAP
Mar, 2025 Guidance	460,000	22,000	27,500	22,000	84.9	－	Feb 5, 2025	J-GAAP
YoY	-9.1%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	125,768	7,021	9,518	7,058	24.5	5.6	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	108,518	-32,824	-29,101	-31,523	-137.8	-30.2	Jun 26, 2024	J-GAAP
Apr - Jun, 2024	117,019	6,413	5,484	4,016	13.5	5.5	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	120,323	7,317	11,828	10,145	36.3	6.1	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	108,711	6,085	7,746	6,745	24.1	5.6	Feb 5, 2025	J-GAAP
YoY	-13.6%	-13.3%	-18.6%	-4.4%	-1.8%