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CENTRAL GENERAL DEVELOPMENT CO.,LTD., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

Fri Nov 8, 2024 3:30 pm JST Earnings

3238 CENTRAL GENERAL DEVELOPMENT CO.,LTD. 【J-GAAP】

Earnings Report

CENTRAL GENERAL DEVELOPMENT CO.,LTD. <3238> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 1.3 billion yen (compared to a loss of 282 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 ordinary profit for the October to March period (second half) is expected to expand by 49.7% from the same period last year, reaching 2.45 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 827 million yen (compared to a loss of 310 million yen in the same period last year). The operating profit/loss margin drastically worsened from -4.9% in the same period last year to -31.8%.

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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
Apr - Sep, 2022 9,831 -52 -189 -150 -15.8 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 9,907 -128 -282 -210 -22.1 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 5,618 -1,053 -1,302 -918 -96.0 ー Nov 8, 2024 J-GAAP
YoY -43.3% -722.7% -361.7% -337.1% -334.8%

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 6,400 -1,200 -1,450 -1,050 -109.5 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 5,618 -1,053 -1,302 -918 -96.0 0 Nov 8, 2024 J-GAAP
Revision Rate -12.2% +12.3% +10.2% +12.6% +12.4%

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 22,018 1,834 1,638 1,114 116.7 18 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,382 2,703 2,452 1,668 173.9 18 Nov 8, 2024 J-GAAP
YoY +42.5% +47.4% +49.7% +49.7% +49.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 30,391 1,538 1,260 845 88.7 15 May 12, 2023 J-GAAP
Mar, 2024 31,925 1,706 1,356 904 94.7 18 May 10, 2024 J-GAAP
Mar, 2025 Guidance 37,000 1,650 1,150 750 78.2 18 May 10, 2024 J-GAAP
YoY +15.9% -3.3% -15.2% -17.0% -17.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,579 -223 -310 -222 -23.3 -4.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 6,071 300 208 135 14.2 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 15,947 1,534 1,430 979 102.6 9.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,431 -357 -475 -335 -35.1 -10.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,187 -696 -827 -583 -60.9 -31.8 Nov 8, 2024 J-GAAP
YoY -52.2% -212.1% -166.8% -162.6% -161.2%

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