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CORONA, Oct-Dec (3Q) Ordinary Profit Decreases by 13%

Tue Feb 4, 2025 3:30 pm JST Earnings

5909 CORONA CORPORATION 【J-GAAP】

Earnings Report

CORONA CORPORATION <5909> [TSE Std] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 6.5% from the same period last year to 2.63 billion yen. The progress rate toward the full-year plan of 1.6 billion yen is 164.9%, but it was lower than the four-year average of 167.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to nearly flat at loss of 1.03 billion yen (compared to a loss of 1.05 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.43 billion yen, a 13.0% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 7.9%.

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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 69,508 2,965 3,280 2,319 79.5 143.3 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 67,352 2,472 2,822 2,045 70.1 159.7 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 69,125 2,332 2,638 1,882 64.5 164.9 Feb 4, 2025 J-GAAP
YoY +2.6% -5.7% -6.5% -8.0% -8.0%

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
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
Oct - Dec, 2024 28,995 2,294 2,435 1,740 59.6 7.9 Feb 4, 2025 J-GAAP
YoY -3.8% -13.5% -13.0% -14.2% -14.3%

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