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COPRO-HOLDINGS. Co., Ltd., First Half Ordinary Profit Increases by 55%

Wed Nov 13, 2024 1:00 pm JST Earnings

7059 COPRO-HOLDINGS. Co., Ltd. 【J-GAAP】

Earnings Report

COPRO-HOLDINGS. Co., Ltd. <7059> [TSE-P] announced its financial results in the afternoon session on November 13th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.25 billion yen, an increase of 55.2% compared to the same period last year, exceeded the previous forecast of 1.04 billion yen.

The progress rate against the 2.71 billion yen full-year plan was 46.3%, exceeding the five-year average of 38.1%.

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 4.0% from the same period last year, reaching 1.45 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 64.3% from the same period last year, reaching 825 million yen. The operating profit margin improved from 8.7% in the same period last year to 11.1%.

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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 8,670 469 472 280 15.1 35.6 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 11,137 737 810 510 27.3 36.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 14,227 1,237 1,257 797 41.7 46.3 Nov 13, 2024 J-GAAP
YoY +27.7% +67.8% +55.2% +56.3% +52.9%

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 13,948 1,032 1,046 675 35.6 20 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 14,227 1,237 1,257 797 41.7 20 Nov 13, 2024 J-GAAP
Revision Rate +2.0% +19.9% +20.2% +18.1% +17.0%

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 12,961 1,404 1,401 953 50.6 35 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,773 1,463 1,457 958 50.3 40 Nov 13, 2024 J-GAAP
YoY +21.7% +4.2% +4.0% +0.5% -0.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,791 1,321 1,324 864 46.6 25 May 15, 2023 J-GAAP
Mar, 2024 24,098 2,141 2,211 1,463 77.7 50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 30,000 2,700 2,714 1,755 92.2 60 May 14, 2024 J-GAAP
YoY +24.5% +26.1% +22.7% +20.0% +18.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,731 501 502 319 17.1 8.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 6,359 669 670 426 22.7 10.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 6,602 735 731 527 28.0 11.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,870 418 432 265 13.8 6.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,357 819 825 532 27.8 11.1 Nov 13, 2024 J-GAAP
YoY +28.4% +63.5% +64.3% +66.8% +63.1%

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