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

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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%