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CUMICA CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 37%, Dividend Revised down by 2 yen

Tue Oct 15, 2024 3:00 pm JST Earnings

8887 SYLA Holdings Co., Ltd. 【J-GAAP】

Earnings Report

CUMICA CORPORATION <8887> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The ordinary profit/loss (non-consolidated) for the first quarter of the fiscal year ending May 2025 (June to August) turned into a loss of 8 million yen (compared to a profit of 94 million yen in the same period last year).

In addition, the full-year ordinary profit has downwardly by 36.9%, from the previous forecast of 179 million yen to 113 million yen (compared to 302 million yen in the previous period), leading to an increase in the profit decline rate from 40.7% to 62.6%.

Due to a decline in performance, the dividend for the first half of this fiscal year has been significantly reduced from the original plan of 3 yen to 2 yen, and the dividend for the second half has also been revised downward from the original plan of 3 yen to 2 yen. The annual dividend has been reduced from the original plan of 6 yen to 4 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from June to August (1Q), the operating profit/loss margin drastically worsened from 10.2% in the same period last year to -5.3%.

Kabutan News

Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Aug, 2022 1,975 517 538 373 35.3 66.2 Oct 12, 2022 J-GAAP
Jun - Aug, 2023 944 96 94 -9 -0.9 67.6 Oct 12, 2023 J-GAAP
Jun - Aug, 2024 551 -29 -8 -13 -1.3 ー Oct 15, 2024 J-GAAP
YoY -41.6% － － -44.4% -50.6%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Prev ー ー ー ー － 3 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 New ー ー ー ー － 2 Oct 15, 2024 J-GAAP
Revision Rate － － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2025 Prev 4,960 202 179 124 10.3 6 Jul 12, 2024 J-GAAP
May, 2025 New 4,674 143 113 79 6.6 4 Oct 15, 2024 J-GAAP
Revision Rate -5.8% -29.2% -36.9% -36.3% -36.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 2,219 146 139 24 2.3 20 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance ー ー ー ー － 2 Oct 15, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 7,444 1,083 1,081 765 72.3 40 Jul 31, 2023 J-GAAP
May, 2024 4,765 295 302 212 20.1 30 Jul 12, 2024 J-GAAP
May, 2025 Guidance 4,674 143 113 79 6.6 4 Oct 15, 2024 J-GAAP
YoY -1.9% -51.5% -62.6% -62.7% -67.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 944 96 94 -9 -0.9 10.2 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 1,275 50 45 33 3.1 3.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 237 -107 -85 -97 -9.3 -45.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,309 256 248 285 27.0 11.1 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 551 -29 -8 -13 -1.3 -5.3 Oct 15, 2024 J-GAAP
YoY -41.6% － － -44.4% -50.6%

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