kabutan

Cleanup Corporation, First Half Ordinary Profit Decreases by 54%, July-September Ordinary Profit Decreases by 73%

Thu Nov 7, 2024 3:00 pm JST Earnings

7955 Cleanup Corporation 【J-GAAP】

Earnings Report

Cleanup Corporation <7955> [TSE-P] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 53.6% from the same period last year to 616 million yen. The progress rate against the 1.5 billion yen full-year plan was 41.1%, also falling below the five-year average of 56.4%.

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 expand by 84.2% from the same period last year, reaching 884 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 175 million yen, a 73.1% decrease compared to the same period last year. The operating profit margin worsened from 1.8% in the same period last year to 0.3%.

Kabutan News

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 61,310 1,757 2,032 1,334 36.2 57.0 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 63,535 1,047 1,329 755 20.5 73.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 63,531 379 616 256 7.1 41.1 Nov 7, 2024 J-GAAP
YoY 0.0% -63.8% -53.6% -66.1% -65.3%

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 63,500 370 610 250 6.9 13 Oct 31, 2024 J-GAAP
Apr - Sep, 2024 Results 63,531 379 616 256 7.1 13 Nov 7, 2024 J-GAAP
Revision Rate +0.0% +2.4% +1.0% +2.4% +2.6%

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 64,447 235 480 713 19.4 18 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 66,469 621 884 694 19.2 18 Nov 7, 2024 J-GAAP
YoY +3.1% +164.3% +84.2% -2.7% -0.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 124,012 3,014 3,562 2,523 68.4 26 May 9, 2023 J-GAAP
Mar, 2024 127,982 1,282 1,809 1,468 40.0 31 May 8, 2024 J-GAAP
Mar, 2025 Guidance 130,000 1,000 1,500 950 26.3 31 Oct 31, 2024 J-GAAP
YoY +1.6% -22.0% -17.1% -35.3% -34.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 31,653 564 651 412 11.2 1.8 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 33,899 1,350 1,493 1,057 28.7 4.0 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 30,548 -1,115 -1,013 -344 -9.4 -3.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 31,643 272 441 183 5.1 0.9 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 31,888 107 175 73 2.0 0.3 Nov 7, 2024 J-GAAP
YoY +0.7% -81.0% -73.1% -82.3% -81.8%

Related Articles