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CHUCO CO.,LTD., First Half Ordinary Profit Decreases by 8%

Fri Nov 8, 2024 4:00 pm JST Earnings

2139 CHUCO CO.,LTD. 【J-GAAP】

Earnings Report

CHUCO CO.,LTD. <2139> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.2% from the same period last year to 101 million yen. The progress rate against the 600 million yen full-year plan was 16.8%, also falling below the same period of the previous year of 35.8%.

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 surge by 2.5 times that of the same period last year, reaching 499 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.3% from the same period last year, reaching 72 million yen. However, the operating profit margin worsened from 3.1% in the same period last year to 2.6%.

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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 3,792 -8 -12 -33 -5.0 ー Oct 31, 2022 J-GAAP
Apr - Sep, 2023 4,587 93 110 60 8.9 35.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 5,479 97 101 45 6.7 16.8 Nov 8, 2024 J-GAAP
YoY +19.4% +4.3% -8.2% -25.0% -25.0%

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 － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 5,479 97 101 45 6.7 0 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

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 5,650 211 197 132 19.5 12 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,521 503 499 315 46.3 15 Nov 8, 2024 J-GAAP
YoY +15.4% +138.4% +153.3% +138.6% +137.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,517 189 172 84 12.5 10 Apr 28, 2023 J-GAAP
Mar, 2024 10,237 304 307 192 28.4 12 May 10, 2024 J-GAAP
Mar, 2025 Guidance 12,000 600 600 360 52.9 15 May 10, 2024 J-GAAP
YoY +17.2% +97.4% +95.4% +87.5% +86.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,330 73 69 35 5.2 3.1 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 2,476 65 50 37 5.5 2.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,174 146 147 95 14.0 4.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,711 25 29 8 1.3 0.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,768 72 72 37 5.5 2.6 Nov 8, 2024 J-GAAP
YoY +18.8% -1.4% +4.3% +5.7% +5.8%

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