CTS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 11%, Oct-Dec Ordinary Profit Increases by 9%

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Thu Jan 30, 2025 1:00 pm JST Earnings

4345 CTS Co.,Ltd. 【J-GAAP】

Earnings Report

CTS Co.,Ltd. <4345> [TSE Prime] announced its financial results in the afternoon session on January 30th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 11.5% from the same period last year, reaching 2.36 billion yen. The progress rate toward the full-year plan of 2.95 billion yen was 80.2%, also surpassing the five-year average of 75.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 11.8% from the same period last year to 0.58 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 9.4% from the same period last year, reaching 0.95 billion yen. However, the operating profit margin decreased from 30.0% in the same period last year to 28.7%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	8,152	1,990	2,033	1,294	30.5	74.7	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	8,243	2,132	2,122	1,424	33.6	76.2	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	8,937	2,320	2,365	1,606	38.3	80.2	Jan 30, 2025	J-GAAP
YoY	+8.4%	+8.8%	+11.5%	+12.8%	+14.0%

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	5,745	1,601	1,538	1,025	24.2	12.50	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,192	1,578	1,542	1,031	25.0	12.50	Oct 31, 2024	J-GAAP
YoY	+7.8%	-1.4%	+0.3%	+0.6%	+3.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,797	2,691	2,722	1,758	41.5	22	Apr 28, 2023	J-GAAP
Mar, 2024	11,090	2,865	2,785	1,858	43.9	22.50	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	12,000	3,000	2,950	1,980	47.9	25	Apr 30, 2024	J-GAAP
YoY	+8.2%	+4.7%	+5.9%	+6.6%	+9.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,898	868	875	591	14.0	30.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,847	733	663	434	10.3	25.7	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	2,751	636	641	427	10.1	23.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	3,057	786	767	522	12.4	25.7	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	3,129	898	957	657	15.7	28.7	Jan 30, 2025	J-GAAP
YoY	+8.0%	+3.5%	+9.4%	+11.2%	+12.4%