Kin-Ei Corp., 2Q (May-July) Ordinary Profit Decreases by 49%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Sep 9, 2024 3:00 pm JST Earnings

9636 Kin-Ei Corp. 【J-GAAP】

Earnings Report

Kin-Ei Corp. <9636> [TSE-S] announced its financial results after the market closed on September 9th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2025 (February to July) was 171 million yen, a 0.6% decrease compared to the same period last year. This progress accounts for 68.4% of the full-year plan of 250 million yen, almost the same as the five-year average of 68.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to January period (second half) is expected to decrease by 3.7% from the same period last year to 79 million yen.

In the most recent three-month period, from May to July (2Q), the ordinary profit dropped to 47 million yen, a 49.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.7% in the same period last year to 5.6%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Feb - Jul, 2022	1,624	101	104	84	30.5	56.8	Sep 8, 2022	J-GAAP
Feb - Jul, 2023	1,833	172	172	117	42.3	67.7	Sep 8, 2023	J-GAAP
Feb - Jul, 2024	1,795	169	171	117	42.0	68.4	Sep 9, 2024	J-GAAP
YoY	-2.1%	-1.7%	-0.6%	0.0%	-0.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	1,795	169	171	117	42.0	0	Sep 5, 2024	J-GAAP
Feb - Jul, 2024 Results	1,795	169	171	117	42.0	0	Sep 9, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	1,737	83	82	37	13.4	10	Mar 15, 2024	J-GAAP
Aug - Jan, 2024 Guidance	1,725	71	79	38	13.6	10	Sep 5, 2024	J-GAAP
YoY	-0.7%	-14.5%	-3.7%	+2.7%	+2.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	3,344	174	183	124	44.7	10	Mar 14, 2023	J-GAAP
Jan, 2024	3,570	255	254	154	55.6	10	Mar 15, 2024	J-GAAP
Jan, 2025 Guidance	3,520	240	250	155	55.6	10	Sep 5, 2024	J-GAAP
YoY	-1.4%	-5.9%	-1.6%	+0.6%	+0.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	944	92	93	63	22.8	9.7	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	873	59	58	34	12.2	6.8	Dec 13, 2023	J-GAAP
Nov - Jan, 2023	864	24	24	3	1.1	2.8	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	960	122	124	86	30.9	12.7	Jun 14, 2024	J-GAAP
May - Jul, 2024	835	47	47	31	11.1	5.6	Sep 9, 2024	J-GAAP
YoY	-11.5%	-48.9%	-49.5%	-50.8%	-51.2%