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KANDENKO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 3% Increase, Adds to Record High Profit Forecast, Dividend Revised Upward by 8 yen

Mon Sep 9, 2024 1:00 pm JST Revision

1942 KANDENKO CO.,LTD. 【J-GAAP】

Guidance Update Report

KANDENKO CO.,LTD. <1942> [TSE-P] announced a revision to its performance and dividend in the afternoon session on September 9th (13:00). The consolidated ordinary profit for the fiscal year ending March 2025 has been revised upward by 15.8%, from the previous forecast of 38 billion yen to 44 billion yen (compared to 42.6 billion yen in the previous period), record profits reach two consecutive terms, turning to a 3.2% increase in the consolidated ordinary profit outlook.

At the same time, the April to September period (first half) consolidated ordinary profit has been revised upward by 49.4%, from the previous forecast of 16.8 billion yen to 25.1 billion yen (compared to 16.6 billion yen in the same period of the previous year), increasing the growth rate from 0.9% to 50.7%, further surpassing the previous forecast of record-high profits for two consecutive terms.

In light of the strong performance, the dividend for the first half of this fiscal year has been increased from the original plan of 22 yen to 26 yen, and the dividend for the second half has also been revised upwards from the original plan of 21 yen to 25 yen. The annual dividend will be 51 yen (compared to 41 yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 267,600 16,400 16,800 11,200 54.8 22 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 New 293,000 24,500 25,100 16,600 81.2 26 Sep 9, 2024 J-GAAP
Revision Rate +9.5% +49.4% +49.4% +48.2% +48.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 600,000 37,000 38,000 24,500 119.9 43 Apr 26, 2024 J-GAAP
Mar, 2025 New 633,000 43,000 44,000 28,800 140.9 51 Sep 9, 2024 J-GAAP
Revision Rate +5.5% +16.2% +15.8% +17.6% +17.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 261,821 15,745 16,652 11,103 54.3 17 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 Guidance 293,000 24,500 25,100 16,600 81.2 26 Sep 9, 2024 J-GAAP
YoY +11.9% +55.6% +50.7% +49.5% +49.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 541,579 32,748 34,059 21,167 103.6 32 Apr 28, 2023 J-GAAP
Mar, 2024 598,427 40,934 42,648 27,345 133.8 41 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 633,000 43,000 44,000 28,800 140.9 51 Sep 9, 2024 J-GAAP
YoY +5.8% +5.0% +3.2% +5.3% +5.3%

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