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CORONA CORPORATION, First Half Operating Profit Turns to Profit

Wed Oct 30, 2024 3:00 pm JST Earnings

5909 CORONA CORPORATION 【J-GAAP】

Earnings Report

CORONA CORPORATION <5909> [TSE-S] announced its financial results after the market closed on October 30th (15:00). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 38 million yen (compared to a loss of 181 million yen in the same period last year). However, The progress rate against the 1.3 billion yen full-year plan was 2.9%, also falling below the five-year average of 23.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to decrease by 17.8% from the same period last year to 1.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit surged to 2.0 times that of the same period last year, reaching 361 million yen. The operating profit margin improved from 0.9% in the same period last year to 1.7%.

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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 39,968 390 601 410 14.1 26.3 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 37,219 -181 23 16 0.6 1.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 40,130 38 203 142 4.9 12.7 Oct 30, 2024 J-GAAP
YoY +7.8% － +782.6% +787.5% +769.6%

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 40,130 35 200 140 4.8 14 Oct 23, 2024 J-GAAP
Apr - Sep, 2024 Results 40,130 38 203 142 4.9 14 Oct 30, 2024 J-GAAP
Revision Rate 0.0% +8.6% +1.5% +1.4% +1.7%

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 44,827 1,536 1,744 1,290 44.2 14 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 44,870 1,262 1,397 1,058 36.2 14 Oct 30, 2024 J-GAAP
YoY +0.1% -17.8% -19.9% -18.0% -18.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 85,335 1,901 2,289 1,482 50.8 28 May 10, 2023 J-GAAP
Mar, 2024 82,046 1,355 1,767 1,306 44.8 28 May 10, 2024 J-GAAP
Mar, 2025 Guidance 85,000 1,300 1,600 1,200 41.1 28 May 10, 2024 J-GAAP
YoY +3.6% -4.1% -9.5% -8.1% -8.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 19,344 178 280 228 8.0 0.9 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 30,133 2,653 2,799 2,029 69.5 8.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 14,694 -1,117 -1,055 -739 -25.3 -7.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 18,861 -323 -222 -188 -6.5 -1.7 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 21,269 361 425 330 11.3 1.7 Oct 30, 2024 J-GAAP
YoY +10.0% +102.8% +51.8% +44.7% +41.9%

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