CNS Co (4076) Q1 2024 earnings summary

Executive summary

• Q1 FY2024 revenue was ¥1,646 million, up 17.5% YoY; operating income rose 33.7% to ¥141 million and net income attributable to parent shareholders rose 18.0% to ¥89 million.

• Gross profit increased 20.8% YoY to ¥404 million, with gross margin improving to 24.5% from 23.9%.

Financial highlights

• Revenue: ¥1,646 million vs. ¥1,401 million in Q1 FY2023; 117.5% YoY.

• Operating income: ¥141 million vs. ¥105 million; ordinary income: ¥144 million vs. ¥112 million.

• Net income attributable to parent shareholders: ¥89 million vs. ¥75 million; net margin was 5.4% in both periods.

Outlook and guidance

• FY2024 guidance: revenue ¥6,724 million, operating income ¥724 million, ordinary income ¥740 million, and net income ¥487 million.

• Q1 progress against FY guidance: revenue 24.5%, operating income 19.5%, ordinary income 19.5%, and net income 18.3%.