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KANAMOTO CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 16%, 3Q (May-July) Ordinary Profit Increases by 12%

Fri Sep 6, 2024 3:00 pm JST Earnings

9678 KANAMOTO CO.,LTD. 【J-GAAP】

Earnings Report

KANAMOTO CO.,LTD. <9678> [TSE-P] announced its financial results after the market closed on September 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 15.7% from the same period last year, reaching 9.42 billion yen. However, this progress accounts for 65.9% of the full-year plan of 14.3 billion yen, also falling below the five-year average of 71.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to grow by 12.3% from the same period last year, reaching 4.87 billion yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit grew by 11.6% from the same period last year, reaching 2.97 billion yen. The operating profit margin improved from 5.1% in the same period last year to 5.6%.

Kabutan News

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
Nov - Jul, 2021 138,828 9,162 9,679 5,927 159.3 70.2 Sep 2, 2022 J-GAAP
Nov - Jul, 2022 145,155 7,755 8,152 4,220 116.2 65.3 Sep 8, 2023 J-GAAP
Nov - Jul, 2023 151,861 9,029 9,429 5,432 152.7 65.9 Sep 6, 2024 J-GAAP
YoY +4.6% +16.4% +15.7% +28.7% +31.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 100,213 6,631 7,000 3,797 104.7 40 Dec 8, 2023 J-GAAP
May - Oct, 2024 Guidance 104,619 7,912 7,844 4,677 132.0 40 Jun 7, 2024 J-GAAP
YoY +4.4% +19.3% +12.1% +23.2% +26.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 188,028 13,229 13,780 8,345 224.6 75 Dec 9, 2022 J-GAAP
Oct, 2023 197,481 11,958 12,488 6,721 185.4 75 Dec 8, 2023 J-GAAP
Oct, 2024 Guidance 205,300 14,100 14,300 8,300 234.2 75 Dec 8, 2023 J-GAAP
YoY +4.0% +17.9% +14.5% +23.5% +26.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 47,887 2,428 2,664 1,296 35.7 5.1 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 52,326 4,203 4,336 2,501 69.0 8.0 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 50,118 2,985 3,200 1,778 49.5 6.0 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 50,563 3,203 3,256 1,845 51.7 6.3 Jun 7, 2024 J-GAAP
May - Jul, 2024 51,180 2,841 2,973 1,809 50.9 5.6 Sep 6, 2024 J-GAAP
YoY +6.9% +17.0% +11.6% +39.6% +42.5%

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