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CROSS CAT CO.,LTD., First Half Ordinary Profit Increases by 27%, July-September Ordinary Profit Increases by 29%

Wed Nov 6, 2024 3:30 pm JST Earnings

2307 CROSS CAT CO.,LTD. 【J-GAAP】

Earnings Report

CROSS CAT CO.,LTD. <2307> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.7% from the same period last year, reaching 898 million yen. The progress rate against the 1.63 billion yen full-year plan was 55.1%, also surpassing the five-year average of 41.9%.

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 decrease by 15.0% from the same period last year to 732 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.1% from the same period last year, reaching 555 million yen. The operating profit margin rose from 11.5% in the same period last year to 13.5%.

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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 6,960 803 827 526 35.1 54.8 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 7,160 669 709 473 32.4 45.2 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 8,040 865 898 583 41.2 55.1 Nov 6, 2024 J-GAAP
YoY +12.3% +29.3% +26.7% +23.3% +27.3%

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 8,040 865 895 580 41.1 0 Oct 31, 2024 J-GAAP
Apr - Sep, 2024 Results 8,040 865 898 583 41.2 0 Nov 6, 2024 J-GAAP
Revision Rate 0.0% 0.0% +0.3% +0.5% +0.1%

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 7,771 852 861 838 57.7 28 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,560 715 732 457 32.4 28 Nov 6, 2024 J-GAAP
YoY -2.7% -16.1% -15.0% -45.5% -43.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,835 1,461 1,510 1,019 67.9 37 May 11, 2023 J-GAAP
Mar, 2024 14,931 1,521 1,570 1,311 90.3 28 May 15, 2024 J-GAAP
Mar, 2025 Guidance 15,600 1,580 1,630 1,040 73.7 28 May 15, 2024 J-GAAP
YoY +4.5% +3.9% +3.8% -20.7% -18.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,702 425 430 298 20.4 11.5 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 3,863 466 473 502 34.4 12.1 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 3,908 386 388 336 23.1 9.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,880 304 343 222 15.7 7.8 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 4,160 561 555 361 25.5 13.5 Nov 6, 2024 J-GAAP
YoY +12.4% +32.0% +29.1% +21.1% +25.1%

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