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Copa Corporation Inc., First Half Ordinary Profit Loss Narrows, June-Augus Ordinary Profit Loss Narrows

Tue Oct 15, 2024 3:00 pm JST Earnings

7689 Copa Corporation Inc. 【J-GAAP】

Earnings Report

Copa Corporation Inc. <7689> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was a reduced loss of 61 million yen (compared to a loss of 120 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 64 million yen (compared to a loss of 251 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary loss improved to a deficit of loss of 16 million yen (compared to a loss of 42 million yen in the same period last year). The operating profit/loss margin improved from -5.2% in the same period last year to -2.4%.

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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
Mar - Aug, 2022 1,581 26 26 13 4.4 ー Oct 14, 2022 J-GAAP
Mar - Aug, 2023 1,385 -119 -120 -85 -29.0 ー Oct 13, 2023 J-GAAP
Mar - Aug, 2024 1,266 -64 -61 -61 -20.9 ー Oct 15, 2024 J-GAAP
YoY -8.6% +46.2% +49.2% +28.2% +28.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 1,266 -64 -61 -61 -20.9 0 Oct 15, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 820 -252 -251 -1,196 -403.9 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,284 67 64 62 21.1 0 Oct 15, 2024 J-GAAP
YoY +56.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 2,572 -116 -117 -133 -45.0 0 Apr 14, 2023 J-GAAP
Feb, 2024 2,205 -371 -371 -1,281 -432.6 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 2,550 3 3 1 0.3 0 Apr 12, 2024 J-GAAP
YoY +15.6% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 814 -42 -42 -7 -2.4 -5.2 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 456 -129 -130 -1,063 -358.9 -28.3 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 364 -123 -121 -133 -44.9 -33.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 474 -45 -45 -45 -15.5 -9.5 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 792 -19 -16 -16 -5.5 -2.4 Oct 15, 2024 J-GAAP
YoY -2.7% +54.8% +61.9% -128.6% -128.9%

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