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CREO CO.,LTD., First Half Ordinary Profit Decreases by 24%

Wed Oct 23, 2024 3:00 pm JST Earnings

9698 CREO CO.,LTD. 【J-GAAP】

Earnings Report

CREO CO.,LTD. <9698> [TSE-S] announced its financial results after the market closed on October 23rd (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 24.3% from the same period last year to 331 million yen. The progress rate against the 1.14 billion yen full-year plan was 28.9%, also falling below the five-year average of 41.2%.

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 grow by 22.8% from the same period last year, reaching 814 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.6% from the same period last year, reaching 316 million yen. The operating profit margin improved from 7.4% in the same period last year to 8.6%.

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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 7,173 366 363 219 27.4 39.8 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 6,983 429 437 288 36.3 39.7 Oct 25, 2023 J-GAAP
Apr - Sep, 2024 6,955 322 331 209 26.6 28.9 Oct 23, 2024 J-GAAP
YoY -0.4% -24.9% -24.3% -27.4% -26.8%

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 7,050 350 351 240 30.7 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 6,955 322 331 209 26.6 0 Oct 23, 2024 J-GAAP
Revision Rate -1.3% -8.0% -5.7% -12.9% -13.6%

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 7,368 656 663 429 54.0 50 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,045 818 814 581 75.1 51 Oct 23, 2024 J-GAAP
YoY +9.2% +24.7% +22.8% +35.4% +39.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,689 904 911 487 61.0 40 May 9, 2023 J-GAAP
Mar, 2024 14,351 1,085 1,100 717 90.3 50 May 8, 2024 J-GAAP
Mar, 2025 Guidance 15,000 1,140 1,145 790 102.1 51 May 8, 2024 J-GAAP
YoY +4.5% +5.1% +4.1% +10.2% +13.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,579 264 271 176 22.2 7.4 Oct 25, 2023 J-GAAP
Oct - Dec, 2023 3,585 292 293 194 24.4 8.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,783 364 370 235 29.6 9.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 3,283 5 15 6 0.8 0.2 Jul 24, 2024 J-GAAP
Jul - Sep, 2024 3,672 317 316 203 25.8 8.6 Oct 23, 2024 J-GAAP
YoY +2.6% +20.1% +16.6% +15.3% +16.4%

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