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CREAL Inc., First Half Ordinary Profit Increases by 72%

Thu Nov 14, 2024 3:30 pm JST Earnings

2998 CREAL Inc. 【J-GAAP】

Earnings Report

CREAL Inc. <2998> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 973 million yen, an increase of 71.9% compared to the same period last year. The progress rate against the 1.25 billion yen full-year plan was 77.8%, also surpassing the progress rate of 60.1% 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 decrease by 26.1% from the same period last year to 277 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 172 million yen, a 33.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.2% in the same period last year to 2.4%.

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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 9,340 503 475 327 13.4 95.8 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 9,335 589 566 349 12.1 60.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 21,672 1,032 973 741 25.0 77.8 Nov 14, 2024 J-GAAP
YoY +132.2% +75.2% +71.9% +112.3% +107.0%

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 15, 2024 J-GAAP
Apr - Sep, 2024 Results 21,672 1,032 973 741 25.0 0 Nov 14, 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 11,709 391 375 298 10.3 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,928 318 277 109 3.7 0 Nov 14, 2024 J-GAAP
YoY +87.3% -18.7% -26.1% -63.4% -64.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,436 547 496 336 13.2 0 May 15, 2023 J-GAAP
Mar, 2024 21,044 980 941 647 22.3 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 43,600 1,350 1,250 850 28.4 0 May 15, 2024 J-GAAP
YoY +107.2% +37.8% +32.8% +31.4% +27.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,719 267 258 134 4.6 7.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 4,738 151 144 101 3.5 3.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 6,971 240 231 197 6.8 3.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 13,827 841 801 599 20.3 6.1 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 7,845 191 172 142 4.8 2.4 Nov 14, 2024 J-GAAP
YoY +110.9% -28.5% -33.3% +6.0% +3.4%

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