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Care Service Co., Ltd., First Half Ordinary Profit Increases by 26%

Wed Nov 6, 2024 4:00 pm JST Earnings

2425 Care Service Co., Ltd. 【J-GAAP】

Earnings Report

Care Service Co., Ltd. <2425> [TSE-S] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.1% from the same period last year, reaching 251 million yen. However, The progress rate against the 653 million yen full-year plan was 38.4%, also falling below the five-year average of 45.1%.

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 12.6% from the same period last year, reaching 402 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 158 million yen, an increase of 1.9% compared to the same period last year. The operating profit margin remained almost flat, changing from 6.1% in the same period last year to 6.3%.

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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 4,514 127 125 103 27.3 26.3 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 4,730 189 199 111 29.4 35.8 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 4,931 245 251 161 42.5 38.4 Nov 6, 2024 J-GAAP
YoY +4.2% +29.6% +26.1% +45.0% +44.3%

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 ー ー ー ー － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 4,931 245 251 161 42.5 0 Nov 6, 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 4,907 329 357 266 70.3 16 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,218 395 402 276 72.8 18 Nov 6, 2024 J-GAAP
YoY +6.3% +20.1% +12.6% +3.8% +3.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,237 431 475 323 85.4 14 May 15, 2023 J-GAAP
Mar, 2024 9,637 518 556 377 99.6 16 May 14, 2024 J-GAAP
Mar, 2025 Guidance 10,149 640 653 437 115.2 18 May 14, 2024 J-GAAP
YoY +5.3% +23.6% +17.4% +15.9% +15.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,393 147 155 88 23.3 6.1 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 2,456 166 185 119 31.5 6.8 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 2,451 163 172 147 38.8 6.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,454 89 93 53 14.1 3.6 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 2,477 156 158 108 28.5 6.3 Nov 6, 2024 J-GAAP
YoY +3.5% +6.1% +1.9% +22.7% +22.1%

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