CERESPO, The Current Fiscal Year Net Income Revised Downward by 61%, Dividend Revised Upward by 6 yen

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Wed Feb 12, 2025 4:00 pm JST Earnings

9625 CERESPO CO.,LTD. 【J-GAAP】

Earnings Report

CERESPO CO.,LTD. <9625> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The net income/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 482 million yen (compared to a loss of 64 million yen in the same period last year).

However, the full-year net income has decreased 60.9%, from the previous forecast of 460 million yen to 180 million yen (compared to a loss of 269 million yen in the previous period).

Based on the full-year plan announced by the company after the downward revision, our estimate of the net income for the October to March period (2H) has decreased 50.2%, from the previous forecast of 558 million yen to 278 million yen (compared to 136 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 4.1 times to 2.0 times.

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 24 yen to 30 yen (compared to 23 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the net income increased 70.1% from the same period last year, reaching 580 million yen. The operating profit margin jumped from 13.1% in the same period last year to 20.2%.

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	14,680	2,434	2,492	1,678	300.9	80.9	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	7,369	-65	-60	-64	-11.4	ー	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	11,363	1,115	1,126	482	88.3	168.1	Feb 12, 2025	J-GAAP
YoY	+54.2%	－	－	－	－

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	8,329	803	792	558	102.1	24	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	8,329	803	792	278	50.8	30	Feb 12, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	-50.2%	-50.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	13,500	670	670	460	84.1	24	May 10, 2024	J-GAAP
Mar, 2025 New	13,500	670	670	180	32.9	30	Feb 12, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	-60.9%	-60.9%

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	5,426	185	188	136	24.4	23	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,329	803	792	278	50.8	30	Feb 12, 2025	J-GAAP
YoY	+53.5%	+334.1%	+321.3%	+104.4%	+108.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,925	3,022	3,081	2,073	371.5	70	May 12, 2023	J-GAAP
Mar, 2024	8,959	-383	-378	-269	-48.3	23	May 10, 2024	J-GAAP
Mar, 2025 Guidance	13,500	670	670	180	32.9	30	Feb 12, 2025	J-GAAP
YoY	+50.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,836	503	506	341	60.9	13.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,590	-318	-318	-205	-36.8	-20.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,227	-184	-183	-134	-24.6	-8.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,944	51	61	36	6.6	1.7	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	6,192	1,248	1,248	580	106.3	20.2	Feb 12, 2025	J-GAAP
YoY	+61.4%	+148.1%	+146.6%	+70.1%	+74.5%