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

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%

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