CRESCO, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 14%, Oct-Dec Ordinary Profit Increases by 15%

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Thu Feb 6, 2025 4:00 pm JST Earnings

4674 CRESCO LTD. 【J-GAAP】

Earnings Report

CRESCO LTD. <4674> [TSE Prime] announced its financial results after the market closed on February 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 13.9% from the same period last year, reaching 4.42 billion yen. However, the progress rate toward the full-year plan of 6 billion yen was 73.8%, almost the same as the five-year average of 73.6%.

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 11.1% from the same period last year to 1.57 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 14.9% from the same period last year, reaching 1.66 billion yen. The operating profit margin rose from 10.2% in the same period last year to 10.6%.

Kabutan News

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	35,376	3,697	3,202	2,230	53.0	62.4	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	38,544	3,298	3,887	2,398	57.8	68.7	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	43,102	4,154	4,426	2,926	71.0	73.8	Feb 6, 2025	J-GAAP
YoY	+11.8%	+26.0%	+13.9%	+22.0%	+22.8%

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	27,124	3,143	3,218	2,063	49.8	13.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	29,994	3,292	3,237	2,121	51.4	19	Nov 6, 2024	J-GAAP
YoY	+10.6%	+4.7%	+0.6%	+2.8%	+3.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	48,368	4,998	5,135	3,328	79.1	25	May 10, 2023	J-GAAP
Mar, 2024	52,755	5,121	5,658	3,728	90.1	26	May 10, 2024	J-GAAP
Mar, 2025 Guidance	58,500	5,900	6,000	4,000	97.0	38	May 10, 2024	J-GAAP
YoY	+10.9%	+15.2%	+6.0%	+7.3%	+7.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	12,913	1,320	1,447	733	17.7	10.2	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	14,211	1,823	1,771	1,330	32.1	12.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	13,758	870	1,027	756	18.4	6.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	14,748	1,738	1,736	1,123	26.8	11.8	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	14,596	1,546	1,663	1,047	25.4	10.6	Feb 6, 2025	J-GAAP
YoY	+13.0%	+17.1%	+14.9%	+42.8%	+43.7%