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Central Glass, The Current Fiscal Year Ordinary Profit Revised Downward by 6%

Mon Feb 10, 2025 4:00 pm JST Earnings

4044 Central Glass Co.,Ltd. 【J-GAAP】

Earnings Report

Central Glass Co.,Ltd. <4044> [TSE Prime] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.8% from the same period last year to 10 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 5.6%, from the previous forecast of 12.5 billion yen to 11.8 billion yen (compared to 16.2 billion yen in the previous period), leading to an increase in the profit decline rate from 23.2% to 27.5%.

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 9.6%, from the previous forecast of 7.32 billion yen to 6.62 billion yen (compared to 9.96 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 26.5% to 33.5%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.2% from the same period last year, reaching 4.85 billion yen. However, the operating profit margin decreased from 10.9% 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 125,096 12,497 14,831 21,737 570.6 75.5 Feb 1, 2023 J-GAAP
Apr - Dec, 2023 120,869 10,558 10,871 9,300 375.3 66.8 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 105,459 8,434 10,024 6,869 277.2 84.9 Feb 10, 2025 J-GAAP
YoY -12.7% -20.1% -7.8% -26.1% -26.1%

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 87,964 6,254 7,327 7,218 291.2 85 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 76,964 5,754 6,627 3,718 150.0 85 Feb 10, 2025 J-GAAP
Revision Rate -12.5% -8.0% -9.6% -48.5% -48.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 156,000 11,000 12,500 10,000 403.5 170 May 10, 2024 J-GAAP
Mar, 2025 New 145,000 10,500 11,800 6,500 262.3 170 Feb 10, 2025 J-GAAP
Revision Rate -7.1% -4.5% -5.6% -35.0% -35.0%

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 81,224 8,516 9,964 6,806 274.7 101.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 76,964 5,754 6,627 3,718 150.0 85 Feb 10, 2025 J-GAAP
YoY -5.2% -32.4% -33.5% -45.4% -45.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 169,309 16,757 19,637 42,494 1,222.2 115 May 11, 2023 J-GAAP
Mar, 2024 160,339 14,526 16,269 12,478 503.6 159 May 10, 2024 J-GAAP
Mar, 2025 Guidance 145,000 10,500 11,800 6,500 262.3 170 Feb 10, 2025 J-GAAP
YoY -9.6% -27.7% -27.5% -47.9% -47.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 41,754 4,548 4,566 3,628 146.4 10.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 39,470 3,968 5,398 3,178 128.3 10.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 34,830 2,940 4,190 3,012 121.6 8.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 33,206 1,806 983 -230 -9.3 5.4 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 37,423 3,688 4,851 4,087 164.9 9.9 Feb 10, 2025 J-GAAP
YoY -10.4% -18.9% +6.2% +12.7% +12.6%

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