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Chugai Ro Co.,Ltd., First Half Ordinary Profit Turns to Profit, Current Fiscal Year Dividend Revised Upward by 20 yen

Thu Oct 31, 2024 2:00 pm JST Earnings

1964 Chugai Ro Co.,Ltd. 【J-GAAP】

Earnings Report

Chugai Ro Co.,Ltd. <1964> [TSE-P] announced its financial results in the afternoon session on October 31st (14:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 232 million yen (compared to a loss of 105 million yen in the same period last year). The progress rate against the 2.67 billion yen full-year plan was 8.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 34.0% from the same period last year, reaching 2.43 billion yen.

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 100 yen to 120 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.0 times that of the same period last year, reaching 773 million yen. The operating profit margin significantly improved from 4.8% in the same period last year to 8.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 9,585 -692 -566 -272 -35.8 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 12,609 -250 -105 747 99.4 ー Oct 30, 2023 J-GAAP
Apr - Sep, 2024 14,721 77 232 518 70.3 8.7 Oct 31, 2024 J-GAAP
YoY +16.7% － － -30.7% -29.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － － Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 14,721 77 232 518 70.3 － Oct 31, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 37,600 2,570 2,670 2,300 313.3 100 Apr 30, 2024 J-GAAP
Mar, 2025 New 37,600 2,570 2,670 2,300 313.3 120 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 16,674 1,727 1,819 1,450 193.9 80 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,879 2,493 2,438 1,782 242.7 120 Oct 31, 2024 J-GAAP
YoY +37.2% +44.4% +34.0% +22.9% +25.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,977 1,309 1,575 1,231 162.0 70 May 12, 2023 J-GAAP
Mar, 2024 29,283 1,477 1,714 2,197 293.8 80 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 37,600 2,570 2,670 2,300 313.3 120 Oct 31, 2024 J-GAAP
YoY +28.4% +74.0% +55.8% +4.7% +6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,868 376 386 1,030 137.0 4.8 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 5,837 -189 -89 106 14.2 -3.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 10,837 1,916 1,908 1,344 179.7 17.7 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 5,280 -682 -541 -12 -1.7 -12.9 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 9,441 759 773 530 71.9 8.0 Oct 31, 2024 J-GAAP
YoY +20.0% +101.9% +100.3% -48.5% -47.5%

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