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Commerce One Holdings Inc., First Half Ordinary Profit Decreases by 34%, July-September Ordinary Profit Decreases by 43%

Thu Nov 14, 2024 3:30 pm JST Earnings

4496 Commerce One Holdings Inc. 【J-GAAP】

Earnings Report

Commerce One Holdings Inc. <4496> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 33.9% from the same period last year to 207 million yen. The progress rate against the 683 million yen full-year plan was 30.3%, also falling below the five-year average of 49.1%.

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 22.4% from the same period last year, reaching 476 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 100 million yen, a 43.2% decrease compared to the same period last year. However, the operating profit margin rose from 17.4% in the same period last year to 18.1%.

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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 1,550 296 331 217 28.9 54.4 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 1,741 271 313 191 26.4 44.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,816 320 207 77 10.8 30.3 Nov 14, 2024 J-GAAP
YoY +4.3% +18.1% -33.9% -59.7% -59.1%

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 ー ー ー ー － 10 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 1,816 320 207 77 10.8 10 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 1,816 373 389 223 31.0 11 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,999 284 476 377 53.0 10 Nov 14, 2024 J-GAAP
YoY +10.1% -23.9% +22.4% +69.1% +70.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,196 580 608 441 58.8 0 May 15, 2023 J-GAAP
Mar, 2024 3,557 644 702 414 57.5 38 May 15, 2024 J-GAAP
Mar, 2025 Guidance 3,815 604 683 454 63.8 20 May 15, 2024 J-GAAP
YoY +7.3% -6.2% -2.7% +9.7% +10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 876 152 176 110 15.2 17.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 887 175 184 129 17.9 19.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 929 198 205 94 13.1 21.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 898 154 107 40 5.6 17.1 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 918 166 100 37 5.2 18.1 Nov 14, 2024 J-GAAP
YoY +4.8% +9.2% -43.2% -66.4% -65.9%

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