Cocolonet CO., LTD., First Half Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 17%

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Tue Nov 5, 2024 4:30 pm JST Earnings

6060 Cocolonet CO., LTD. 【J-GAAP】

Earnings Report

Cocolonet CO., LTD. <6060> [TSE-S] announced its financial results after the market closed on November 5th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 20.7% from the same period last year to 299 million yen. The progress rate against the 830 million yen full-year plan was 36.0%, also falling below the five-year average of 56.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 17.2% from the same period last year, reaching 531 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 148 million yen, a 16.9% decrease compared to the same period last year. However, the operating profit margin improved from 3.4% in the same period last year to 5.1%.

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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	4,773	331	349	169	45.2	52.2	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	4,799	262	377	235	62.7	45.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,874	268	299	126	33.6	36.0	Nov 5, 2024	J-GAAP
YoY	+1.6%	+2.3%	-20.7%	-46.4%	-46.5%

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	5,182	307	339	93	24.6	15	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	4,874	268	299	126	33.6	15	Nov 5, 2024	J-GAAP
Revision Rate	-5.9%	-12.7%	-11.8%	+35.5%	+36.6%

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	5,236	396	453	344	91.4	15	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,556	482	531	274	78.6	15	Nov 5, 2024	J-GAAP
YoY	+6.1%	+21.7%	+17.2%	-20.3%	-14.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,562	623	668	149	39.8	30	May 11, 2023	J-GAAP
Mar, 2024	10,035	658	830	579	153.9	30	May 13, 2024	J-GAAP
Mar, 2025 Guidance	10,430	750	830	400	114.8	30	May 13, 2024	J-GAAP
YoY	+3.9%	+14.0%	0.0%	-30.9%	-25.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,427	82	178	142	37.9	3.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,753	289	311	259	68.8	10.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,483	107	142	85	22.6	4.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,399	142	151	50	13.3	5.9	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	2,475	126	148	76	20.3	5.1	Nov 5, 2024	J-GAAP
YoY	+2.0%	+53.7%	-16.9%	-46.5%	-46.6%