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COX, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 10%, Exceeds Full-Year Plan

Thu Jan 9, 2025 3:30 pm JST Earnings

9876 COX CO.,LTD. 【J-GAAP】

Earnings Report

COX CO.,LTD. <9876> [TSE Std] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 9.6% from the same period last year to 1.24 billion yen. However, the progress rate toward the full-year plan of 1.15 billion yen is 108.3%, already exceeding the target and also exceeding the same period of the previous year of 98.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 0.09 billion yen (compared to a profit of 0.01 billion yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 0.34 billion yen, a 4.1% decrease compared to the same period last year. However, the operating profit margin improved from 7.5% in the same period last year to 8.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 11,083 511 517 281 10.2 122.8 Jan 13, 2023 J-GAAP
Mar - Nov, 2023 11,236 1,146 1,378 1,139 41.3 98.7 Jan 11, 2024 J-GAAP
Mar - Nov, 2024 11,442 1,186 1,246 1,105 40.0 108.3 Jan 9, 2025 J-GAAP
YoY +1.8% +3.5% -9.6% -3.0% -3.1%

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 7,375 332 381 266 9.6 0 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 7,861 318 252 54 2.0 0 Oct 8, 2024 J-GAAP
YoY +6.6% -4.2% -33.9% -79.7% -79.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 14,859 427 421 207 7.5 0 Apr 12, 2023 J-GAAP
Feb, 2024 14,885 1,199 1,396 1,142 41.4 0 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 15,500 1,200 1,150 900 32.6 0 Apr 10, 2024 J-GAAP
YoY +4.1% +0.1% -17.6% -21.2% -21.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 3,726 279 363 263 9.5 7.5 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 3,649 53 18 3 0.1 1.5 Apr 10, 2024 J-GAAP
Mar - May, 2024 3,904 465 468 439 15.9 11.9 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 3,735 417 430 407 14.8 11.2 Oct 8, 2024 J-GAAP
Sep - Nov, 2024 3,803 304 348 259 9.4 8.0 Jan 9, 2025 J-GAAP
YoY +2.1% +9.0% -4.1% -1.5% -1.6%

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