CLIP Corporation, First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 33%

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Mon Nov 11, 2024 2:00 pm JST Earnings

4705 CLIP Corporation 【J-GAAP】

Earnings Report

CLIP Corporation <4705> [TSE-S] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 43 million yen (compared to a profit of 13 million yen in the same period last year).

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 6.5% from the same period last year, reaching 49 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 61 million yen, a 33.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 11.1% in the same period last year to 7.1%.

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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	1,459	81	83	42	11.5	45.4	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	1,463	13	13	-16	-4.5	22.0	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	1,493	-53	-43	-61	-17.1	ー	Nov 11, 2024	J-GAAP
YoY	+2.1%	－	－	-281.3%	-284.0%

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	1,493	-53	-43	-61	-16.9	0	Nov 8, 2024	J-GAAP
Apr - Sep, 2024 Results	1,493	-53	-43	-61	-17.1	0	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	-0.9%

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	1,573	33	46	103	28.3	45	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,530	44	49	61	0.0	45	Nov 8, 2024	J-GAAP
YoY	-2.7%	+33.3%	+6.5%	-40.8%	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,932	175	183	106	29.1	45	May 10, 2023	J-GAAP
Mar, 2024	3,036	46	59	87	23.9	45	May 14, 2024	J-GAAP
Mar, 2025 Guidance	3,023	-9	6	0	0.0	45	Nov 8, 2024	J-GAAP
YoY	-0.4%	－	-89.8%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	810	90	91	61	17.0	11.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	757	-5	1	-10	-2.8	-0.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	816	38	45	113	31.0	4.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	646	-113	-104	-116	-32.3	-17.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	847	60	61	55	15.4	7.1	Nov 11, 2024	J-GAAP
YoY	+4.6%	-33.3%	-33.0%	-9.8%	-9.2%