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CLUSTER TECHNOLOGY CO.,LTD., First Half Ordinary Profit Decreases by 38%, July-September Ordinary Profit Decreases by 20%

Thu Nov 14, 2024 4:00 pm JST Earnings

4240 CLUSTER TECHNOLOGY CO.,LTD. 【J-GAAP】

Earnings Report

CLUSTER TECHNOLOGY CO.,LTD. <4240> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 38.2% from the same period last year to 21 million yen. The progress rate against the 66 million yen full-year plan was 31.8%, also falling below the five-year average of 43.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 25.0% from the same period last year, reaching 45 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 8 million yen, a 20.0% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 3.7%.

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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 439 21 22 14 2.6 29.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 435 33 34 26 4.7 48.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 439 20 21 16 2.8 31.8 Nov 14, 2024 J-GAAP
YoY +0.9% -39.4% -38.2% -38.5% -39.8%

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 471 12 13 9 1.6 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 439 20 21 16 2.8 0 Nov 14, 2024 J-GAAP
Revision Rate -6.8% +66.7% +61.5% +77.8% +77.8%

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 483 35 36 31 5.5 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 566 45 45 46 8.1 0 Nov 14, 2024 J-GAAP
YoY +17.2% +28.6% +25.0% +48.4% +47.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 925 72 74 59 10.4 0 May 15, 2023 J-GAAP
Mar, 2024 918 68 70 57 10.1 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 1,005 65 66 62 10.9 0 May 15, 2024 J-GAAP
YoY +9.5% -4.4% -5.7% +8.8% +8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 219 10 10 10 1.8 4.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 214 14 14 9 1.6 6.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 269 21 22 22 3.9 7.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 225 12 13 8 1.5 5.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 214 8 8 8 1.4 3.7 Nov 14, 2024 J-GAAP
YoY -2.3% -20.0% -20.0% -20.0% -21.7%

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