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COMPUTER ENGINEERING & CONSULTING LTD., First Half Ordinary Profit Decreases by 8%, 2Q (May-July) Ordinary Profit Decreases by 21%

Mon Sep 9, 2024 3:00 pm JST Earnings

9692 COMPUTER ENGINEERING & CONSULTING LTD. 【J-GAAP】

Earnings Report

COMPUTER ENGINEERING & CONSULTING LTD. <9692> [TSE-P] announced its financial results after the market closed on September 9th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) decreased by 7.9% from the same period last year to 3.26 billion yen. However, this progress accounts for 51.9% of the full-year plan of 6.3 billion yen, almost the same as the five-year average of 50.8%.

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 August to January period (second half) is expected to grow by 6.0% from the same period last year, reaching 3.03 billion yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit decreased to 1.34 billion yen, a 20.8% decrease compared to the same period last year. The operating profit margin decreased from 12.7% in the same period last year to 9.8%.

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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
Feb - Jul, 2022 23,478 1,969 1,988 3,495 101.1 45.0 Sep 9, 2022 J-GAAP
Feb - Jul, 2023 26,445 3,525 3,549 2,452 73.0 55.4 Sep 8, 2023 J-GAAP
Feb - Jul, 2024 27,570 3,250 3,268 2,213 66.0 51.9 Sep 9, 2024 J-GAAP
YoY +4.3% -7.8% -7.9% -9.7% -9.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 27,700 3,160 3,175 2,170 64.9 25 Mar 8, 2024 J-GAAP
Feb - Jul, 2024 Results 27,570 3,250 3,268 2,213 66.0 25 Sep 9, 2024 J-GAAP
Revision Rate -0.5% +2.8% +2.9% +2.0% +1.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 26,679 2,836 2,860 2,089 62.2 30 Mar 8, 2024 J-GAAP
Aug - Jan, 2024 Guidance 28,930 3,030 3,032 2,087 65.1 30 Sep 9, 2024 J-GAAP
YoY +8.4% +6.8% +6.0% -0.1% +4.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 48,206 4,374 4,413 5,179 152.0 45 Mar 10, 2023 J-GAAP
Jan, 2024 53,124 6,361 6,409 4,541 135.2 55 Mar 8, 2024 J-GAAP
Jan, 2025 Guidance 56,500 6,280 6,300 4,300 134.1 55 Mar 8, 2024 J-GAAP
YoY +6.4% -1.3% -1.7% -5.3% -0.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 13,223 1,683 1,696 1,166 34.7 12.7 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 12,830 1,415 1,420 958 28.5 11.0 Dec 11, 2023 J-GAAP
Nov - Jan, 2023 13,849 1,421 1,440 1,131 33.7 10.3 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 14,049 1,919 1,924 1,311 39.0 13.7 Jun 7, 2024 J-GAAP
May - Jul, 2024 13,521 1,331 1,344 902 26.9 9.8 Sep 9, 2024 J-GAAP
YoY +2.3% -20.9% -20.8% -22.6% -22.5%

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