Kura Sushi,Inc., Third Quarter Cumulative (November-July) Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

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Mon Sep 9, 2024 3:00 pm JST Earnings

2695 Kura Sushi,Inc. 【J-GAAP】

Earnings Report

Kura Sushi,Inc. <2695> [TSE-P] announced its financial results after the market closed on September 9th (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a 6.81 billion yen (compared to a loss of 170 million yen in the same period last year). The progress rate for full-year plan of 6 billion yen has already exceeded 113.6%, and has also exceeded the five-year average of 79.1%.

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/loss for the August to October period (4Q) is expected to turn into a loss of 817 million yen (compared to a profit of 3.05 billion yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit decreased to 821 million yen, a 15.4% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 1.5% in the same period last year to 1.3%.

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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	134,756	-382	2,989	1,711	43.1	121.7	Sep 6, 2022	J-GAAP
Nov - Jul, 2022	155,067	-376	-170	-649	-16.4	ー	Sep 8, 2023	J-GAAP
Nov - Jul, 2023	173,893	6,362	6,817	4,441	111.7	113.6	Sep 9, 2024	J-GAAP
YoY	+12.1%	－	－	－	－

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	109,560	3,642	4,023	1,958	49.3	20	Dec 12, 2023	J-GAAP
May - Oct, 2024 Guidance	117,929	-136	4	-448	-11.3	20	Jun 10, 2024	J-GAAP
YoY	+7.6%	－	-99.9%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	183,053	-1,113	2,457	744	18.8	20	Dec 12, 2022	J-GAAP
Oct, 2023	211,405	2,456	2,882	863	21.7	20	Dec 12, 2023	J-GAAP
Oct, 2024 Guidance	234,000	5,500	6,000	3,500	88.1	20	Jun 10, 2024	J-GAAP
YoY	+10.7%	+123.9%	+108.2%	+305.6%	+305.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	53,222	810	971	446	11.2	1.5	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	56,338	2,832	3,052	1,512	38.1	5.0	Dec 12, 2023	J-GAAP
Nov - Jan, 2023	56,110	1,748	1,853	1,264	31.8	3.1	Mar 12, 2024	J-GAAP
Feb - Apr, 2024	59,961	3,888	4,143	2,684	67.5	6.5	Jun 10, 2024	J-GAAP
May - Jul, 2024	57,822	726	821	493	12.4	1.3	Sep 9, 2024	J-GAAP
YoY	+8.6%	-10.4%	-15.4%	+10.5%	+10.3%