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

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% － － － －

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