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Carlit Co., Ltd., First Half Ordinary Profit Revised Downward to an Unexpected 12%Decrease

Fri Nov 8, 2024 3:30 pm JST Earnings

4275 Carlit Co., Ltd. 【J-GAAP】

Earnings Report

Carlit Co., Ltd. <4275> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.6% from the same period last year to 1.38 billion yen, resulting in a decrease in profits compared to the previous forecast of a 8.7% increase.

The progress rate against the 4 billion yen full-year plan was 34.6%, almost the same as the five-year average of 37.4%.

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 grow by 28.6% from the same period last year, reaching 2.61 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 849 million yen, a 4.3% decrease compared to the same period last year. The operating profit margin worsened from 9.8% 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
Apr - Sep, 2022 17,586 1,104 1,287 951 40.0 44.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 17,672 1,384 1,564 1,173 49.6 43.4 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 18,045 1,194 1,382 951 40.4 34.6 Nov 8, 2024 J-GAAP
YoY +2.1% -13.7% -11.6% -18.9% -18.5%

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 18,500 1,600 1,700 1,200 50.9 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 18,045 1,194 1,382 951 40.4 0 Nov 8, 2024 J-GAAP
Revision Rate -2.5% -25.4% -18.7% -20.8% -20.7%

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 18,905 1,968 2,036 1,425 60.3 33 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,955 2,606 2,618 1,849 78.5 36 Nov 8, 2024 J-GAAP
YoY +5.6% +32.4% +28.6% +29.8% +30.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 36,008 2,640 2,910 2,246 94.6 20 May 15, 2023 J-GAAP
Mar, 2024 36,577 3,352 3,600 2,598 109.9 33 May 15, 2024 J-GAAP
Mar, 2025 Guidance 38,000 3,800 4,000 2,800 118.8 36 May 15, 2024 J-GAAP
YoY +3.9% +13.4% +11.1% +7.8% +8.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,849 870 887 668 28.2 9.8 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 9,233 1,000 1,075 686 29.0 10.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 9,672 968 961 739 31.3 10.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 8,760 378 533 365 15.5 4.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,285 816 849 586 24.9 8.8 Nov 8, 2024 J-GAAP
YoY +4.9% -6.2% -4.3% -12.3% -11.9%

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