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CORE CORPORATION, July-September (2Q) Ordinary Profit Decreases by 8%

Mon Oct 28, 2024 3:30 pm JST Earnings

2359 CORE CORPORATION 【J-GAAP】

Earnings Report

CORE CORPORATION <2359> [TSE-P] announced its financial results after the market closed on October 28th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.37 billion yen, a 2.4% increase compared to the same period last year. However, The progress rate against the 3.4 billion yen full-year plan was 40.5%, almost the same as the five-year average of 40.4%.

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 grow by 7.9% from the same period last year, reaching 2.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 724 million yen, a 8.5% decrease compared to the same period last year. The operating profit margin decreased from 13.7% in the same period last year to 11.9%.

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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 10,724 1,171 1,209 814 57.2 43.0 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 11,199 1,302 1,344 932 65.2 41.8 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 11,797 1,315 1,376 954 66.6 40.5 Oct 28, 2024 J-GAAP
YoY +5.3% +1.0% +2.4% +2.4% +2.1%

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 12,000 1,400 1,450 1,000 69.6 10 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 11,797 1,315 1,376 954 66.6 10 Oct 28, 2024 J-GAAP
Revision Rate -1.7% -6.1% -5.1% -4.6% -4.3%

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 12,799 1,838 1,875 1,338 93.5 45 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,203 1,985 2,024 1,446 100.6 45 Oct 28, 2024 J-GAAP
YoY +11.0% +8.0% +7.9% +8.1% +7.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,848 2,743 2,812 1,968 137.9 40 Apr 27, 2023 J-GAAP
Mar, 2024 23,998 3,140 3,219 2,270 158.6 50 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 26,000 3,300 3,400 2,400 167.0 55 Apr 26, 2024 J-GAAP
YoY +8.3% +5.1% +5.6% +5.7% +5.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,752 787 791 555 38.8 13.7 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 6,131 918 931 641 44.8 15.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 6,668 920 944 697 48.7 13.8 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 5,788 597 652 456 31.8 10.3 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 6,009 718 724 498 34.8 11.9 Oct 28, 2024 J-GAAP
YoY +4.5% -8.8% -8.5% -10.3% -10.5%

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