Cominix, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 31%, Oct-Dec Ordinary Profit Decreases by 65%

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Fri Feb 7, 2025 3:30 pm JST Earnings

3173 Cominix Co.,Ltd. 【J-GAAP】

Earnings Report

Cominix Co.,Ltd. <3173> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 31.1% from the same period last year to 413 million yen. The progress rate toward the full-year plan of 827 million yen was 49.9%, also falling below the five-year average of 77.4%.

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 71.8% from the same period last year, reaching 414 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 95 million yen, a 64.8% decrease compared to the same period last year. The operating profit margin worsened from 3.6% in the same period last year to 1.4%.

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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	21,568	720	893	599	87.4	84.7	Feb 1, 2023	J-GAAP
Apr - Dec, 2023	21,525	523	599	371	54.1	71.3	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	21,097	338	413	213	31.1	49.9	Feb 7, 2025	J-GAAP
YoY	-2.0%	-35.4%	-31.1%	-42.6%	-42.5%

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	14,701	503	511	356	51.9	18	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,959	610	509	449	65.4	20	Nov 1, 2024	J-GAAP
YoY	+8.6%	+21.3%	-0.4%	+26.1%	+26.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	28,853	948	1,054	742	108.2	33	May 10, 2023	J-GAAP
Mar, 2024	28,644	752	840	539	78.6	33	May 9, 2024	J-GAAP
Mar, 2025 Guidance	30,000	850	827	614	89.4	35	May 9, 2024	J-GAAP
YoY	+4.7%	+13.0%	-1.5%	+13.9%	+13.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,582	274	270	188	27.4	3.6	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	7,119	229	241	168	24.5	3.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	6,944	49	98	25	3.7	0.7	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	7,097	191	220	140	20.4	2.7	Nov 1, 2024	J-GAAP
Oct - Dec, 2024	7,056	98	95	48	7.0	1.4	Feb 7, 2025	J-GAAP
YoY	-6.9%	-64.2%	-64.8%	-74.5%	-74.4%