COTA, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 9% Decrease

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Fri Jan 31, 2025 4:00 pm JST Earnings

4923 COTA CO.,LTD. 【J-GAAP】

Earnings Report

COTA CO.,LTD. <4923> [TSE Prime] announced its financial results after the market closed on January 31st (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.6% from the same period last year to 1.69 billion yen.

In addition, the full-year ordinary profit has decreased 10.3%, from the previous forecast of 1.98 billion yen to 1.78 billion yen (compared to 1.95 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 8.9% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the October to March period (2H) has decreased 11.4%, from the previous forecast of 1.79 billion yen to 1.59 billion yen (compared to 1.68 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 5.2% decrease in profit.

In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 1.5 billion yen, a 3.5% decrease compared to the same period last year. The operating profit margin decreased from 40.0% in the same period last year to 39.1%.

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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	7,076	1,917	2,007	1,479	51.7	94.9	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	7,309	1,812	1,833	1,278	45.3	93.9	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	7,436	1,700	1,693	1,168	41.9	95.1	Jan 31, 2025	J-GAAP
YoY	+1.7%	-6.2%	-7.6%	-8.6%	-7.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	6,066	1,774	1,799	1,258	45.3	20	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	5,706	1,585	1,594	1,146	41.3	20	Jan 31, 2025	J-GAAP
Revision Rate	-5.9%	-10.7%	-11.4%	-8.9%	-8.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	9,660	1,972	1,985	1,380	49.7	20	May 8, 2024	J-GAAP
Mar, 2025 New	9,300	1,783	1,780	1,268	45.7	20	Jan 31, 2025	J-GAAP
Revision Rate	-3.7%	-9.6%	-10.3%	-8.1%	-8.1%

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	5,709	1,661	1,682	1,163	41.2	18.18	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,706	1,585	1,594	1,146	41.3	20	Jan 31, 2025	J-GAAP
YoY	-0.1%	-4.6%	-5.2%	-1.5%	+0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,804	2,020	2,115	1,560	54.7	16.53	May 9, 2023	J-GAAP
Mar, 2024	9,136	1,921	1,953	1,349	47.8	18.18	May 8, 2024	J-GAAP
Mar, 2025 Guidance	9,300	1,783	1,780	1,268	45.7	20	Jan 31, 2025	J-GAAP
YoY	+1.8%	-7.2%	-8.9%	-6.0%	-4.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,882	1,552	1,562	1,092	38.7	40.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	1,827	109	120	71	2.5	6.0	May 8, 2024	J-GAAP
Apr - Jun, 2024	1,492	-88	-103	-81	-2.9	-5.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,102	286	289	203	7.3	13.6	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	3,842	1,502	1,507	1,046	37.5	39.1	Jan 31, 2025	J-GAAP
YoY	-1.0%	-3.2%	-3.5%	-4.2%	-3.1%