Care Service, Oct-Dec (3Q) Ordinary Profit Decreases by 31%, Current Fiscal Year Dividend Revised Upward by 2 yen

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Wed Feb 5, 2025 4:00 pm JST Earnings

2425 Care Service Co., Ltd. 【J-GAAP】

Earnings Report

Care Service Co., Ltd. <2425> [TSE Std] announced its financial results after the market closed on February 5th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 378 million yen, a 1.6% decrease compared to the same period last year. The progress rate toward the full-year plan of 653 million yen was 57.9%, also falling below the five-year average of 83.7%.

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 expand 59.9% from the same period last year, reaching 275 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 18 yen to 20 yen (compared to 16 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 127 million yen, a 31.4% decrease compared to the same period last year. The operating profit margin worsened from 6.8% in the same period last year to 4.8%.

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	6,897	327	340	250	66.0	71.6	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	7,186	355	384	230	60.9	69.1	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	7,414	365	378	220	58.0	57.9	Feb 5, 2025	J-GAAP
YoY	+3.2%	+2.8%	-1.6%	-4.3%	-4.7%

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	5,218	395	402	276	72.8	18	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	5,218	395	402	276	72.8	20	Feb 5, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	10,149	640	653	437	115.2	18	May 14, 2024	J-GAAP
Mar, 2025 New	10,149	640	653	437	115.2	20	Feb 5, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	4,907	329	357	266	70.3	16	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,218	395	402	276	72.8	20	Feb 5, 2025	J-GAAP
YoY	+6.3%	+20.1%	+12.6%	+3.8%	+3.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,237	431	475	323	85.4	14	May 15, 2023	J-GAAP
Mar, 2024	9,637	518	556	377	99.6	16	May 14, 2024	J-GAAP
Mar, 2025 Guidance	10,149	640	653	437	115.2	20	Feb 5, 2025	J-GAAP
YoY	+5.3%	+23.6%	+17.4%	+15.9%	+15.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,456	166	185	119	31.5	6.8	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	2,451	163	172	147	38.8	6.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,454	89	93	53	14.1	3.6	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	2,477	156	158	108	28.5	6.3	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	2,483	120	127	59	15.6	4.8	Feb 5, 2025	J-GAAP
YoY	+1.1%	-27.7%	-31.4%	-50.4%	-50.6%