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CROSS PLUS, Last Fiscal Year Ordinary Profit Revised Downward by 17%

Fri Feb 14, 2025 3:30 pm JST Revision

3320 CROSS PLUS INC. 【J-GAAP】

Guidance Update Report

CROSS PLUS INC. <3320> [TSE Std] announced a performance revision after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending January 2025 has decreased 17.0%, from the previous forecast of 1.35 billion yen to 1.12 billion yen (compared to 1.97 billion yen in the previous period), leading to an increase in the profit decline rate from 31.6% to 43.3%. However, the full-year consolidated net income has been revised upward 10.0%, from the previous forecast of 1.1 billion yen to 1.21 billion yen (compared to 2.06 billion yen in the previous period), and the declining rate is expected to decrease from 46.7% to 41.4%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the August to January period (2H) consolidated ordinary profit has decreased 65.2%, from the previous forecast of 0.35 billion yen to 0.12 billion yen (compared to 0.83 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 57.5% to 85.2%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Prev 32,384 307 353 346 46.8 15 Sep 13, 2024 J-GAAP
Aug - Jan, 2024 New 32,334 -13 123 456 61.9 15 Feb 14, 2025 J-GAAP
Revision Rate -0.2% － -65.2% +31.8% +32.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev 62,000 1,200 1,350 1,100 148.7 30 Mar 15, 2024 J-GAAP
Jan, 2025 New 61,950 880 1,120 1,210 164.1 30 Feb 14, 2025 J-GAAP
Revision Rate -0.1% -26.7% -17.0% +10.0% +10.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 32,643 756 830 810 110.1 15 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 32,334 -13 123 456 61.9 15 Feb 14, 2025 J-GAAP
YoY -0.9% － -85.2% -43.7% -43.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 57,056 183 413 455 62.1 12 Mar 17, 2023 J-GAAP
Jan, 2024 60,190 1,797 1,974 2,064 280.5 27 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 61,950 880 1,120 1,210 164.1 30 Feb 14, 2025 J-GAAP
YoY +2.9% -51.0% -43.3% -41.4% -41.5%

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