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Choei, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 21%, Oct-Dec Ordinary Profit Decreases by 68%

Mon Feb 10, 2025 3:31 pm JST Earnings

2993 Choei Inc. 【J-GAAP】

Earnings Report

Choei Inc. <2993> [TSE Std] announced its financial results after the market closed on February 10th (15:31). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 21.3% from the same period last year to 1.05 billion yen. However, the progress rate toward the full-year plan of 1.16 billion yen was 90.1%, also surpassing the three-year average of 77.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to drop 31.8% from the same period last year to 0.11 billion yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit significantly dropped to 0.13 billion yen, a 68.2% decrease compared to the same period last year. The operating profit margin sharply declined from 23.0% in the same period last year to 9.9%.

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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 6,805 1,745 1,512 1,003 226.4 75.5 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 6,844 1,574 1,334 1,125 257.8 88.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 7,396 1,301 1,050 709 161.9 90.1 Feb 10, 2025 J-GAAP
YoY +8.1% -17.3% -21.3% -37.0% -37.2%

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 4,776 768 591 586 134.7 107 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,929 460 250 1,198 272.7 90 Nov 13, 2024 J-GAAP
YoY +3.2% -40.1% -57.7% +104.4% +102.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,162 2,329 2,003 1,370 310.1 100 May 12, 2023 J-GAAP
Mar, 2024 9,368 1,824 1,504 1,256 288.7 107 May 13, 2024 J-GAAP
Mar, 2025 Guidance 9,803 1,511 1,166 1,822 414.7 90 Nov 13, 2024 J-GAAP
YoY +4.6% -17.2% -22.5% +45.1% +43.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,252 518 421 455 104.3 23.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,524 250 170 131 30.1 9.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,374 497 436 297 68.1 20.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,500 554 480 327 74.6 22.2 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,522 250 134 85 19.4 9.9 Feb 10, 2025 J-GAAP
YoY +12.0% -51.7% -68.2% -81.3% -81.4%

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