CHUBU SHIRYO, Oct-Dec (3Q) Ordinary Profit Decreases by 39%

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Fri Jan 31, 2025 2:00 pm JST Earnings

2053 CHUBU SHIRYO CO.,LTD. 【J-GAAP】

Earnings Report

CHUBU SHIRYO CO.,LTD. <2053> [TSE Prime] announced its financial results in the afternoon session on January 31st (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.12 billion yen, an increase 50.1% compared to the same period last year. However, the progress rate toward the full-year plan of 4.6 billion yen was 68.0%, also falling below the five-year average of 77.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 38.2% from the same period last year to 1.47 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.69 billion yen, a 38.9% decrease compared to the same period last year. The operating profit margin worsened from 1.5% in the same period last year to 1.0%.

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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	182,406	1,815	2,147	823	27.9	103.8	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	180,049	1,622	2,084	1,588	53.8	46.7	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	157,428	2,707	3,128	2,370	80.2	68.0	Jan 31, 2025	J-GAAP
YoY	-12.6%	+66.9%	+50.1%	+49.2%	+49.1%

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	115,547	3,252	3,521	2,563	86.7	23	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	105,555	2,014	2,169	1,595	53.9	25	Oct 31, 2024	J-GAAP
YoY	-8.6%	-38.1%	-38.4%	-37.8%	-37.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	243,476	1,670	2,069	827	28.0	34	May 8, 2023	J-GAAP
Mar, 2024	234,227	3,932	4,464	3,327	112.6	40	May 7, 2024	J-GAAP
Mar, 2025 Guidance	209,000	4,200	4,600	3,400	115.0	50	May 7, 2024	J-GAAP
YoY	-10.8%	+6.8%	+3.0%	+2.2%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	61,369	942	1,141	824	27.9	1.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	54,178	2,310	2,380	1,739	58.8	4.3	May 7, 2024	J-GAAP
Apr - Jun, 2024	52,104	836	1,045	794	26.9	1.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	51,341	1,350	1,386	1,011	34.2	2.6	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	53,983	521	697	565	19.1	1.0	Jan 31, 2025	J-GAAP
YoY	-12.0%	-44.7%	-38.9%	-31.4%	-31.5%