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Chuo Warehouse Co.,Ltd., First Half Ordinary Profit Increases by 12%, July-September Ordinary Profit Increases by 38%

Thu Nov 7, 2024 4:00 pm JST Earnings

9319 Chuo Warehouse Co.,Ltd. 【J-GAAP】

Earnings Report

Chuo Warehouse Co.,Ltd. <9319> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.9% from the same period last year, reaching 1.33 billion yen. The progress rate against the 2.35 billion yen full-year plan was 57.0%, also surpassing the five-year average of 53.4%.

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 decrease by 2.0% from the same period last year to 1.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 38.1% from the same period last year, reaching 569 million yen. The operating profit margin improved from 5.9% in the same period last year to 7.9%.

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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
Apr - Sep, 2022 12,841 1,176 1,405 959 50.6 57.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 13,438 1,003 1,197 813 42.9 53.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 13,909 1,208 1,339 716 37.8 57.0 Nov 7, 2024 J-GAAP
YoY +3.5% +20.4% +11.9% -11.9% -11.8%

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 13,700 1,020 1,200 800 42.3 15 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 13,909 1,208 1,339 716 37.8 15 Nov 7, 2024 J-GAAP
Revision Rate +1.5% +18.4% +11.6% -10.5% -10.5%

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 13,074 931 1,032 885 46.6 17 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,591 842 1,011 984 52.9 21 Nov 7, 2024 J-GAAP
YoY +4.0% -9.6% -2.0% +11.2% +13.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 25,869 2,108 2,434 1,708 90.0 28 May 12, 2023 J-GAAP
Mar, 2024 26,512 1,934 2,229 1,698 89.4 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 27,500 2,050 2,350 1,700 91.4 36 May 10, 2024 J-GAAP
YoY +3.7% +6.0% +5.4% +0.1% +2.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,644 392 412 286 15.1 5.9 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 6,606 472 536 342 18.0 7.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 6,468 459 496 543 28.6 7.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,938 658 770 508 26.8 9.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 6,971 550 569 208 11.0 7.9 Nov 7, 2024 J-GAAP
YoY +4.9% +40.3% +38.1% -27.3% -27.2%

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