CROSS PLUS, Last Fiscal Year Ordinary Profit Revised Downward by 17%

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Fri Feb 14, 2025 3:30 pm JST Revision

3320 CROSS PLUS INC. 【J-GAAP】

Guidance Update Report

CROSS PLUS INC. <3320> [TSE Std] announced a performance revision after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending January 2025 has decreased 17.0%, from the previous forecast of 1.35 billion yen to 1.12 billion yen (compared to 1.97 billion yen in the previous period), leading to an increase in the profit decline rate from 31.6% to 43.3%. However, the full-year consolidated net income has been revised upward 10.0%, from the previous forecast of 1.1 billion yen to 1.21 billion yen (compared to 2.06 billion yen in the previous period), and the declining rate is expected to decrease from 46.7% to 41.4%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the August to January period (2H) consolidated ordinary profit has decreased 65.2%, from the previous forecast of 0.35 billion yen to 0.12 billion yen (compared to 0.83 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 57.5% to 85.2%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Prev	32,384	307	353	346	46.8	15	Sep 13, 2024	J-GAAP
Aug - Jan, 2024 New	32,334	-13	123	456	61.9	15	Feb 14, 2025	J-GAAP
Revision Rate	-0.2%	－	-65.2%	+31.8%	+32.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Prev	62,000	1,200	1,350	1,100	148.7	30	Mar 15, 2024	J-GAAP
Jan, 2025 New	61,950	880	1,120	1,210	164.1	30	Feb 14, 2025	J-GAAP
Revision Rate	-0.1%	-26.7%	-17.0%	+10.0%	+10.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	32,643	756	830	810	110.1	15	Mar 15, 2024	J-GAAP
Aug - Jan, 2024 Guidance	32,334	-13	123	456	61.9	15	Feb 14, 2025	J-GAAP
YoY	-0.9%	－	-85.2%	-43.7%	-43.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	57,056	183	413	455	62.1	12	Mar 17, 2023	J-GAAP
Jan, 2024	60,190	1,797	1,974	2,064	280.5	27	Mar 15, 2024	J-GAAP
Jan, 2025 Guidance	61,950	880	1,120	1,210	164.1	30	Feb 14, 2025	J-GAAP
YoY	+2.9%	-51.0%	-43.3%	-41.4%	-41.5%