CVS Bay Area, 2% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 3 yen

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Fri Apr 11, 2025 5:50 pm JST Earnings

2687 CVS Bay Area Inc. 【J-GAAP】

Earnings Report

CVS Bay Area Inc. <2687> [TSE Std] announced its financial results after the market closed on April 11th (17:50). The consolidated ordinary profit for the fiscal year ending February 2025 decreased 8.3% from the previous period to 385 million yen. In the fiscal year ending February 2026, the profit is expected to decrease by 1.8% from the previous period to 378 million yen.

At the same time, the company has decided to increase the dividend this fiscal year to 26 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from December to February (4Q), the consolidated ordinary loss expanded to a loss of 61 million yen (compared to a loss of 44 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.1% in the same period last year to -1.5%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	6,926	81	47	-13	-2.7	16	Apr 12, 2023	J-GAAP
Feb, 2024	7,519	486	420	697	141.3	20	Apr 12, 2024	J-GAAP
Feb, 2025	7,822	421	385	1,123	227.5	23	Apr 11, 2025	J-GAAP
YoY	+4.0%	-13.4%	-8.3%	+61.1%	+61.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Guidance	7,768	442	382	1,008	204.2	23	Apr 10, 2025	J-GAAP
Feb, 2025 Results	7,822	421	385	1,123	227.5	23	Apr 11, 2025	J-GAAP
Revision Rate	+0.7%	-4.8%	+0.8%	+11.4%	+11.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024	3,901	282	313	815	165.3	10	Oct 11, 2024	J-GAAP
Mar - Aug, 2025 Guidance	4,543	292	168	109	22.1	13	Apr 11, 2025	J-GAAP
YoY	+16.5%	+3.5%	-46.3%	-86.6%	-86.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	7,519	486	420	697	141.3	20	Apr 12, 2024	J-GAAP
Feb, 2025	7,822	421	385	1,123	227.5	23	Apr 11, 2025	J-GAAP
Feb, 2026 Guidance	8,896	568	378	247	50.0	26	Apr 11, 2025	J-GAAP
YoY	+13.7%	+34.9%	-1.8%	-78.0%	-78.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	1,861	40	-44	304	61.6	2.1	Apr 12, 2024	J-GAAP
Mar - May, 2024	1,997	193	203	156	31.7	9.7	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	1,904	89	110	659	133.6	4.7	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	2,057	167	133	104	21.1	8.1	Jan 10, 2025	J-GAAP
Dec - Feb, 2024	1,864	-28	-61	204	41.3	-1.5	Apr 11, 2025	J-GAAP
YoY	+0.2%	－	-38.6%	-32.9%	-32.9%