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CMC CORPORATION, 16% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend to Rise by 8 yen

Mon Nov 11, 2024 3:00 pm JST Earnings

2185 CMC CORPORATION 【J-GAAP】

Earnings Report

CMC CORPORATION <2185> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 10.8% from the previous period to 3.18 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 16.3% to 3.7 billion yen, marking the second consecutive term of record-high profits. This will be the fifth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 52 yen, an increase of 8 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit increased by 47.8% from the same period last year, reaching 1.35 billion yen. The operating profit margin jumped from 14.9% in the same period last year to 20.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 17,917 2,590 2,964 2,003 150.6 30 Nov 11, 2022 J-GAAP
Sep, 2023 18,451 2,617 2,873 1,762 133.0 38 Nov 10, 2023 J-GAAP
Sep, 2024 19,523 2,975 3,182 2,078 156.7 44 Nov 11, 2024 J-GAAP
YoY +5.8% +13.7% +10.8% +17.9% +17.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 19,000 2,700 2,900 1,800 135.7 44 Nov 10, 2023 J-GAAP
Sep, 2024 Results 19,523 2,975 3,182 2,078 156.7 44 Nov 11, 2024 J-GAAP
Revision Rate +2.8% +10.2% +9.7% +15.4% +15.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 9,634 1,538 1,461 955 72.1 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,000 1,400 1,460 900 68.9 24 Nov 11, 2024 J-GAAP
YoY +3.8% -9.0% -0.1% -5.8% -4.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 18,451 2,617 2,873 1,762 133.0 38 Nov 10, 2023 J-GAAP
Sep, 2024 19,523 2,975 3,182 2,078 156.7 44 Nov 11, 2024 J-GAAP
Sep, 2025 Guidance 22,000 3,600 3,700 2,400 185.4 52 Nov 11, 2024 J-GAAP
YoY +12.7% +21.0% +16.3% +15.5% +18.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,067 757 918 467 35.2 14.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,672 332 157 94 7.2 9.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,962 1,206 1,304 861 65.0 20.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,076 249 364 167 12.6 6.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,813 1,188 1,357 956 72.1 20.4 Nov 11, 2024 J-GAAP
YoY +14.7% +56.9% +47.8% +104.7% +104.6%

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