CORONA CORPORATION, First Half Operating Profit Turns to Profit

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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%