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COVER, 3% Increase in Ordinary Profit, Update Record High for Seventh Consecutive Term

Tue May 13, 2025 3:30 pm JST Earnings

5253 COVER Corporation 【J-GAAP】

Earnings Report

COVER Corporation <5253> [TSE Growth] announced its financial results after the market closed on May 13th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending March 2025 expanded 41.6% from the previous period to 7.96 billion yen. For the fiscal year ending March 2026, the ordinary profit is expected to grow by 3.0% to 8.2 billion yen, marking the seventh consecutive term of record-high profits. This will be the eighth consecutive term of revenue and the sixth consecutive term of profit growth.

In the most recent three-month period, from January to March (4Q), the ordinary profit grew 10.0% from the same period last year, reaching 2.36 billion yen. However, the operating profit margin decreased from 18.7% in the same period last year to 16.9%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,451 3,417 3,385 2,508 42.0 0 May 12, 2023 J-GAAP
Mar, 2024 30,166 5,536 5,623 4,137 67.7 0 May 13, 2024 J-GAAP
Mar, 2025 43,401 8,001 7,962 5,559 88.7 0 May 13, 2025 J-GAAP
YoY +43.9% +44.5% +41.6% +34.4% +31.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 42,000 7,400 7,400 5,100 77.7 0 Feb 12, 2025 J-GAAP
Mar, 2025 Results 43,401 8,001 7,962 5,559 88.7 0 May 13, 2025 J-GAAP
Revision Rate +3.3% +8.1% +7.6% +9.0% +14.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 17,104 3,372 3,301 2,120 34.2 0 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 Guidance 22,750 2,420 2,420 1,679 25.6 0 May 13, 2025 J-GAAP
YoY +33.0% -28.2% -26.7% -20.8% -25.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 30,166 5,536 5,623 4,137 67.7 0 May 13, 2024 J-GAAP
Mar, 2025 43,401 8,001 7,962 5,559 88.7 0 May 13, 2025 J-GAAP
Mar, 2026 Guidance 52,500 8,200 8,200 5,700 86.8 0 May 13, 2025 J-GAAP
YoY +21.0% +2.5% +3.0% +2.5% -2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 10,941 2,045 2,147 1,512 24.7 18.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 6,416 834 917 620 10.0 13.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,688 2,538 2,384 1,500 24.2 23.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 11,759 2,172 2,299 1,657 26.7 18.5 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 14,538 2,457 2,362 1,782 28.4 16.9 May 13, 2025 J-GAAP
YoY +32.9% +20.1% +10.0% +17.9% +14.9%

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