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Central Forest Group, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 12%

Wed Nov 6, 2024 4:00 pm JST Earnings

7675 Central Forest Group, Inc. 【J-GAAP】

Earnings Report

Central Forest Group, Inc. <7675> [NSE-M] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 11.8% from the same period last year, reaching 1.88 billion yen. The progress rate against the 2.83 billion yen full-year plan was 66.5%, exceeding the four-year average of 44.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 16.0% from the same period last year to 948 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 794 million yen, a 3.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 0.9% in the same period last year to 0.8%.

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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
Jan - Sep, 2022 229,978 806 1,023 644 73.4 53.4 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 241,278 1,475 1,684 1,133 131.7 59.9 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 254,809 1,647 1,882 1,268 148.5 66.5 Nov 6, 2024 J-GAAP
YoY +5.6% +11.7% +11.8% +11.9% +12.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 174,478 1,815 1,955 1,408 163.9 25 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 172,529 1,602 1,742 1,242 145.5 25 Aug 9, 2024 J-GAAP
YoY -1.1% -11.7% -10.9% -11.8% -11.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 312,649 1,622 1,917 1,268 144.5 34 Feb 10, 2023 J-GAAP
Dec, 2023 328,838 2,528 2,813 1,959 228.1 43 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 336,000 2,530 2,830 1,970 230.8 50 Feb 8, 2024 J-GAAP
YoY +2.2% +0.1% +0.6% +0.6% +1.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 86,918 762 826 582 67.7 0.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 87,560 1,053 1,129 826 96.2 1.2 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 77,334 398 456 307 35.9 0.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 86,137 530 632 421 49.3 0.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 91,338 719 794 540 63.2 0.8 Nov 6, 2024 J-GAAP
YoY +5.1% -5.6% -3.9% -7.2% -6.5%

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