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CENTRAL SECURITY PATROLS CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 0.4％

Fri Oct 11, 2024 4:45 pm JST Earnings

9740 CENTRAL SECURITY PATROLS CO.,LTD. 【J-GAAP】

Earnings Report

CENTRAL SECURITY PATROLS CO.,LTD. <9740> [TSE-P] announced its financial results after the market closed on October 11th (16:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 2.34 billion yen, a 0.4% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.1% decrease.

The progress rate against the 4.55 billion yen full-year plan was 51.6%, almost the same as the five-year average of 52.0%.

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 September to February period (second half) is expected to nearly flat of 0.3% from the same period last year, reaching 2.2 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 16.7% from the same period last year, reaching 882 million yen. The operating profit margin improved from 4.2% in the same period last year to 4.7%.

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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
Mar - Aug, 2022 31,828 1,937 2,163 1,252 85.9 48.7 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 33,700 2,227 2,336 4,461 305.8 51.5 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 34,798 2,241 2,346 1,819 124.7 51.6 Oct 11, 2024 J-GAAP
YoY +3.3% +0.6% +0.4% -59.2% -59.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 34,600 2,000 2,100 1,300 89.1 30 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 34,798 2,241 2,346 1,819 124.7 30 Oct 11, 2024 J-GAAP
Revision Rate +0.6% +12.0% +11.7% +39.9% +39.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 34,310 2,089 2,197 920 63.1 30 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 34,402 2,109 2,204 1,031 71.1 30 Oct 11, 2024 J-GAAP
YoY +0.3% +1.0% +0.3% +12.1% +12.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 64,824 3,976 4,444 2,586 177.3 50 Apr 12, 2023 J-GAAP
Feb, 2024 68,010 4,316 4,533 5,381 368.8 60 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 69,200 4,350 4,550 2,850 196.7 60 Apr 12, 2024 J-GAAP
YoY +1.7% +0.8% +0.4% -47.0% -46.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 15,969 665 756 3,532 242.1 4.2 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 16,408 1,056 1,085 642 44.0 6.4 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 17,902 1,033 1,112 278 19.1 5.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 17,481 1,432 1,464 880 60.3 8.2 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 17,317 809 882 939 64.4 4.7 Oct 11, 2024 J-GAAP
YoY +8.4% +21.7% +16.7% -73.4% -73.4%

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