CENTRAL GENERAL DEVELOPMENT, The Current Fiscal Year Ordinary Profit Revised Downward by 39%, Dividend Revised down by 4 yen

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Fri Mar 21, 2025 3:30 pm JST Revision

3238 CENTRAL GENERAL DEVELOPMENT CO.,LTD. 【J-GAAP】

Guidance Update Report

CENTRAL GENERAL DEVELOPMENT CO.,LTD. <3238> [TSE Std] announced a revision to its performance and dividend after the market closed on March 21st (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 has decreased 39.1%, from the previous forecast of 1.15 billion yen to 0.7 billion yen (compared to 1.35 billion yen in the previous period), leading to an increase in the profit decline rate from 15.2% to 48.4%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit has decreased 18.4%, from the previous forecast of 2.45 billion yen to 2 billion yen (compared to 1.63 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 49.7% to 22.2%.

Due to a decline in performance, the company has reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 18 yen to 14 yen (compared to 18 yen in the previous period).

Kabutan News

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	31,382	2,703	2,452	1,668	173.9	18	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	25,282	2,233	2,002	1,358	141.6	14	Mar 21, 2025	J-GAAP
Revision Rate	-19.4%	-17.4%	-18.4%	-18.6%	-18.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	37,000	1,650	1,150	750	78.2	18	May 10, 2024	J-GAAP
Mar, 2025 New	30,900	1,180	700	440	45.9	14	Mar 21, 2025	J-GAAP
Revision Rate	-16.5%	-28.5%	-39.1%	-41.3%	-41.3%

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	22,018	1,834	1,638	1,114	116.7	18	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,282	2,233	2,002	1,358	141.6	14	Mar 21, 2025	J-GAAP
YoY	+14.8%	+21.8%	+22.2%	+21.9%	+21.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,391	1,538	1,260	845	88.7	15	May 12, 2023	J-GAAP
Mar, 2024	31,925	1,706	1,356	904	94.7	18	May 10, 2024	J-GAAP
Mar, 2025 Guidance	30,900	1,180	700	440	45.9	14	Mar 21, 2025	J-GAAP
YoY	-3.2%	-30.8%	-48.4%	-51.3%	-51.6%