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

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%.

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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 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%

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