CMC Corporation (2185) Q4 2024 earnings summary

Executive summary

• Achieved record highs in revenue and profit for FY2024, driven by productivity gains, digitization, and strategic business model enhancements.

• Operating profit rose for the fourth consecutive year, supported by expanded digital transformation initiatives.

• Focused on strengthening core platforms, launching new paid features, and expanding global operations, especially in Southeast Asia and Europe.

• Expanded into non-mobility industries and strengthened global business foundations.

• Increased shareholder returns with the seventh consecutive year of dividend growth.

Financial highlights

• FY2024 revenue rose 5.8% year-over-year to ¥19,523 million; operating profit up 13.7% to ¥2,975 million.

• Net profit attributable to owners increased 18.0% to ¥2,078 million; EPS up 23.75 yen to 156.72 yen.

• Ordinary income grew 10.7% to ¥3,182 million; ordinary margin at 16.3%.

• Gross profit grew 6.1% to ¥7,275 million; gross profit margin at 37.3%.

• Cash and equivalents at year-end were ¥11,830 million, down from ¥13,476 million due to increased investment activities.

Outlook and guidance

• FY2025 guidance projects revenue of ¥22,000 million (+12.7%), operating profit of ¥3,600 million (+21.0%), ordinary income of ¥3,700 million (+16.3%), and net profit of ¥2,400 million (+15.4%).

• Operating profit margin expected to rise to 16.4%; EPS forecasted at 180.88 yen.

• Dividend forecast increased for the eighth consecutive year, with both interim and year-end dividends planned.