COMO CO.,LTD., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

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Mon Nov 11, 2024 3:20 pm JST Earnings

2224 COMO CO.,LTD. 【J-GAAP】

Earnings Report

COMO CO.,LTD. <2224> [TSE-S] announced its financial results in the afternoon session on November 11th (15:20). 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 97 million yen (compared to a loss of 69 million yen in the same period last year). The progress rate against the 160 million yen full-year plan was 60.6%, also surpassing the five-year average of 44.3%.

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 significant drop by 60.1% from the same period last year to 63 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 48 million yen (compared to a loss of 75 million yen in the same period last year). The operating profit/loss margin drastically improved from -4.5% in the same period last year to 2.5%.

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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	3,481	29	32	13	3.9	64.0	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	3,583	-74	-69	-61	-17.7	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	3,695	93	97	60	17.5	60.6	Nov 11, 2024	J-GAAP
YoY	+3.1%	－	－	－	－

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 13, 2024	J-GAAP
Apr - Sep, 2024 Results	3,695	93	97	60	17.5	0	Nov 11, 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	3,726	155	158	103	29.7	7	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,505	64	63	40	11.5	7	Nov 11, 2024	J-GAAP
YoY	-5.9%	-58.7%	-60.1%	-61.2%	-61.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,040	46	50	30	8.8	7	May 15, 2023	J-GAAP
Mar, 2024	7,309	81	89	42	12.1	7	May 13, 2024	J-GAAP
Mar, 2025 Guidance	7,200	157	160	100	28.8	7	May 13, 2024	J-GAAP
YoY	-1.5%	+93.8%	+79.8%	+138.1%	+137.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,729	-78	-75	-55	-16.0	-4.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,854	60	61	33	9.8	3.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,872	95	97	70	20.2	5.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,924	48	49	26	7.5	2.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	1,771	45	48	34	9.9	2.5	Nov 11, 2024	J-GAAP
YoY	+2.4%	－	－	－	－