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Casa, February-October (Third Quarter Cumulative) Net Income Turns to Loss, August-October Net Income Decreases by 62%

Thu Dec 12, 2024 3:30 pm JST Earnings

7196 Casa Inc. 【J-GAAP】

Earnings Report

Casa Inc. <7196> [TSE Std] announced its financial results after the market closed on December 12th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending January 2025 (February to October) turned into a loss of 364 million yen (compared to a profit of 328 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the November to January period (4Q) is expected to expand 98.2% from the same period last year, reaching 549 million yen.

In the most recent three-month period, from August to October (3Q), the consolidated net income significantly dropped to 115 million yen, a 61.7% decrease compared to the same period last year. The operating profit margin sharply declined from 12.8% in the same period last year to 5.3%.

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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
Feb - Oct, 2022 7,676 612 685 319 32.1 76.5 Dec 8, 2022 J-GAAP
Feb - Oct, 2023 8,352 449 546 328 32.8 56.6 Dec 7, 2023 J-GAAP
Feb - Oct, 2024 9,050 -95 121 -364 -36.1 12.9 Dec 12, 2024 J-GAAP
YoY +8.4% － -77.8% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 5,708 700 830 577 57.6 30 Mar 6, 2024 J-GAAP
Aug - Jan, 2024 Guidance 6,078 1,014 1,049 664 66.0 30 Sep 12, 2024 J-GAAP
YoY +6.5% +44.9% +26.4% +15.1% +14.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 10,286 785 895 254 25.6 30 Mar 9, 2023 J-GAAP
Jan, 2024 11,224 786 965 605 60.4 30 Mar 6, 2024 J-GAAP
Jan, 2025 Guidance 12,081 759 935 185 18.4 30 Sep 12, 2024 J-GAAP
YoY +7.6% -3.4% -3.1% -69.4% -69.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 2,836 363 411 300 30.0 12.8 Dec 7, 2023 J-GAAP
Nov - Jan, 2023 2,872 337 419 277 27.6 11.7 Mar 6, 2024 J-GAAP
Feb - Apr, 2024 2,995 -391 -333 -236 -23.5 -13.1 Jun 14, 2024 J-GAAP
May - Jul, 2024 3,008 136 219 -243 -24.2 4.5 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 3,047 160 235 115 11.4 5.3 Dec 12, 2024 J-GAAP
YoY +7.4% -55.9% -42.8% -61.7% -61.9%

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