Central Glass (4044) Q2 2024 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, decreased by 14.0% year-over-year to ¥68,036 million.

• Operating profit declined 21.0% year-over-year to ¥4,746 million, and profit attributable to owners of parent fell 51.0% to ¥2,782 million.

• Comprehensive income dropped 49.2% year-over-year to ¥4,701 million.

Financial highlights

• Gross profit for the period was ¥18,897 million, down from ¥19,522 million year-over-year.

• Earnings per share (basic) was ¥112.28, compared to ¥228.92 in the prior year period.

• Total assets as of September 30, 2024, were ¥205,894 million, down from ¥214,404 million as of March 31, 2024.

• Net cash provided by operating activities increased to ¥13,173 million from ¥9,576 million year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥156,000 million, a 2.7% decrease year-over-year.

• Operating profit is projected at ¥11,000 million (down 24.3%), and profit attributable to owners of parent at ¥10,000 million (down 19.9%).

• Full-year dividend forecast is ¥170.00 per share.