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CEDAR.Co.,Ltd, First Half Ordinary Profit Increases by 40%, July-September Ordinary Profit Increases by 45%

Wed Nov 13, 2024 12:00 pm JST Earnings

2435 CEDAR.Co.,Ltd 【J-GAAP】

Earnings Report

CEDAR.Co.,Ltd <2435> [TSE-S] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 472 million yen, an increase of 40.1% compared to the same period last year. The progress rate against the 545 million yen full-year plan was 86.6%, also surpassing the progress rate of 52.2% from the same period of the previous year.

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 76.4% from the same period last year to 73 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 45.0% from the same period last year, reaching 216 million yen. The operating profit margin improved from 4.6% in the same period last year to 5.9%.

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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 8,070 -53 -109 -122 -10.9 ー Nov 9, 2022 J-GAAP
Apr - Sep, 2023 8,602 426 337 226 20.2 52.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 8,923 564 472 245 21.9 86.6 Nov 13, 2024 J-GAAP
YoY +3.7% +32.4% +40.1% +8.4% +8.4%

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 8,923 564 472 245 21.8 0 Nov 7, 2024 J-GAAP
Apr - Sep, 2024 Results 8,923 564 472 245 21.9 0 Nov 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +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 8,702 341 309 -23 -2.1 4 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,570 206 73 33 2.9 6 Nov 7, 2024 J-GAAP
YoY -1.5% -39.6% -76.4% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,442 136 24 -276 -24.7 0 May 12, 2023 J-GAAP
Mar, 2024 17,304 767 646 203 18.1 4 May 14, 2024 J-GAAP
Mar, 2025 Guidance 17,493 770 545 278 24.8 6 May 14, 2024 J-GAAP
YoY +1.1% +0.4% -15.6% +36.9% +36.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,322 199 149 102 9.1 4.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 4,378 217 198 130 11.6 5.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 4,324 124 111 -153 -13.7 2.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,440 301 256 75 6.7 6.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,483 263 216 170 15.2 5.9 Nov 13, 2024 J-GAAP
YoY +3.7% +32.2% +45.0% +66.7% +66.7%

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