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Kurashicom Inc., 39% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 7 yen, This Fiscal Year to Increase Dividend by 3 yen

Fri Sep 13, 2024 3:00 pm JST Earnings

7110 Kurashicom Inc. 【J-GAAP】

Earnings Report

Kurashicom Inc. <7110> [TSE-G] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the fiscal year ending July 2024 increased by 18.8% from the previous period non-consolidated to 1.15 billion yen. However, for the fiscal year ending July 2025, the profit is expected to drop by 39.1% from the previous period to 700 million yen.

At the same time, the company increased the annual dividend for the previous term from 10 yen to 17 yen (compared to 45 yen in the prior term), and has decided to increase the dividend this fiscal year to 20 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit significantly dropped to 89 million yen, a 50.8% decrease compared to the same period last year. The operating profit margin sharply declined from 12.1% in the same period last year to 5.3%.

Note: Since the fiscal year ending July 2024, the company has transitioned to consolidated financial statements.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 5,163 841 850 561 87.7 0 Sep 14, 2022 J-GAAP
Jul, 2023 6,060 965 968 695 94.8 45 Sep 14, 2023 J-GAAP
Jul, 2024 7,012 1,083 1,150 785 106.6 17 Sep 13, 2024 J-GAAP
YoY +15.7% +12.2% +18.8% +12.9% +12.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 6,940 1,045 1,115 750 101.8 10 Jun 14, 2024 J-GAAP
Jul, 2024 Results 7,012 1,083 1,150 785 106.6 17 Sep 13, 2024 J-GAAP
Revision Rate +1.0% +3.6% +3.1% +4.7% +4.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 3,583 654 714 462 62.7 0 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance ー ー ー ー － 0 Sep 13, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 6,060 965 968 695 94.8 45 Sep 14, 2023 J-GAAP
Jul, 2024 7,012 1,083 1,150 785 106.6 17 Sep 13, 2024 J-GAAP
Jul, 2025 Guidance 8,000 680 700 450 61.1 20 Sep 13, 2024 J-GAAP
YoY +14.1% -37.2% -39.1% -42.7% -42.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,434 174 181 145 19.8 12.1 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 1,759 304 308 197 26.8 17.3 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 1,824 350 406 265 36.0 19.2 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 1,815 344 347 230 31.2 19.0 Jun 14, 2024 J-GAAP
May - Jul, 2024 1,614 85 89 93 12.6 5.3 Sep 13, 2024 J-GAAP
YoY +12.6% -51.1% -50.8% -35.9% -36.1%

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