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C'sMEN Co.,Ltd., First Half Net Income Turns to Loss, June-Augus Net Income Loss Widens

Thu Oct 10, 2024 3:00 pm JST Earnings

3083 Star seeds Co.,Ltd. 【J-GAAP】

Earnings Report

C'sMEN Co.,Ltd. <3083> [TSE-S] announced its financial results after the market closed on October 10th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 138 million yen (compared to a profit of 7 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the September to February period (second half) is expected to turn into a profit of 43 million yen (compared to a loss of 339 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated net loss expanded to a loss of 110 million yen (compared to a loss of 53 million yen in the same period last year). The operating profit/loss margin drastically worsened from -2.6% in the same period last year to -8.8%.

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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
Mar - Aug, 2022 3,126 -196 -189 -212 -73.6 ー Oct 17, 2022 J-GAAP
Mar - Aug, 2023 2,863 0 0 7 2.6 ー Oct 12, 2023 J-GAAP
Mar - Aug, 2024 2,379 -99 -115 -138 -35.1 ー Oct 10, 2024 J-GAAP
YoY -16.9% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 2,520 -50 -115 -135 -33.1 0 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 Results 2,379 -99 -115 -138 -35.1 0 Oct 10, 2024 J-GAAP
Revision Rate -5.6% -98.0% 0.0% -2.2% -6.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 2,667 -103 -155 -339 -117.9 0 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 2,901 119 60 43 10.3 0 Oct 10, 2024 J-GAAP
YoY +8.8% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 6,305 -256 -250 -302 -104.9 0 Apr 13, 2023 J-GAAP
Feb, 2024 5,530 -103 -155 -332 -115.5 0 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 5,280 20 -55 -95 -22.7 0 Apr 11, 2024 J-GAAP
YoY -4.5% － +64.5% +71.4% +80.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,362 -36 -39 -53 -19.7 -2.6 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 1,386 -32 -63 -85 -29.7 -2.3 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,281 -71 -92 -254 -88.3 -5.5 Apr 11, 2024 J-GAAP
Mar - May, 2024 1,262 -1 -17 -28 -7.4 -0.1 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 1,117 -98 -98 -110 -28.0 -8.8 Oct 10, 2024 J-GAAP
YoY -18.0% -172.2% -151.3% -107.5% -42.2%

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