KOBE BUSSAN CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Decreases by 3%, 3Q (May-July) Ordinary Profit Decreases by 58%

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.

Wed Sep 11, 2024 3:00 pm JST Earnings

3038 KOBE BUSSAN CO.,LTD. 【J-GAAP】

Earnings Report

KOBE BUSSAN CO.,LTD. <3038> [TSE-P] announced its financial results after the market closed on September 11th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) decreased by 3.1% from the same period last year to 21.9 billion yen. This progress accounts for 66.6% of the full-year plan of 33 billion yen, also falling below the five-year average of 75.8%.

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 for the August to October period (4Q) is expected to expand by 51.5% from the same period last year, reaching 11 billion yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit significantly dropped to 3.94 billion yen, a 58.5% decrease compared to the same period last year. The operating profit margin worsened from 7.8% in the same period last year to 6.9%.

Kabutan News

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	300,016	21,847	23,638	15,932	73.0	73.6	Sep 12, 2022	J-GAAP
Nov - Jul, 2022	338,767	23,278	22,694	15,590	71.0	75.7	Sep 12, 2023	J-GAAP
Nov - Jul, 2023	377,283	26,640	21,980	14,847	67.2	66.6	Sep 11, 2024	J-GAAP
YoY	+11.4%	+14.4%	-3.1%	-4.8%	-5.3%

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	239,578	16,584	16,772	11,450	52.1	22	Dec 15, 2023	J-GAAP
May - Oct, 2024 Guidance	249,877	13,280	14,964	9,155	41.4	23	Jun 13, 2024	J-GAAP
YoY	+4.3%	-19.9%	-10.8%	-20.0%	-20.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	406,813	27,820	32,125	20,832	95.4	22	Dec 15, 2022	J-GAAP
Oct, 2023	461,546	30,717	29,970	20,560	93.6	22	Dec 15, 2023	J-GAAP
Oct, 2024 Guidance	498,000	31,000	33,000	21,500	97.3	23	Dec 15, 2023	J-GAAP
YoY	+7.9%	+0.9%	+10.1%	+4.6%	+4.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	116,799	9,145	9,496	6,480	29.5	7.8	Sep 12, 2023	J-GAAP
Aug - Oct, 2023	122,779	7,439	7,276	4,970	22.6	6.1	Dec 15, 2023	J-GAAP
Nov - Jan, 2023	120,904	8,531	8,063	5,524	25.0	7.1	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	127,219	9,189	9,973	6,821	30.9	7.2	Jun 13, 2024	J-GAAP
May - Jul, 2024	129,160	8,920	3,944	2,502	11.3	6.9	Sep 11, 2024	J-GAAP
YoY	+10.6%	-2.5%	-58.5%	-61.4%	-61.6%