KITAKEI CO.,LTD, December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 4%, June-Augus Ordinary Profit Decreases by 21%

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Thu Oct 3, 2024 3:30 pm JST Earnings

9872 KITAKEI CO.,LTD 【J-GAAP】

Earnings Report

KITAKEI CO.,LTD <9872> [TSE-S] announced its financial results after the market closed on October 3rd (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) decreased by 3.9% from the same period last year to 811 million yen. The progress rate against the 1.19 billion yen full-year plan was 68.2%, also falling below the five-year average of 73.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to November period (4Q) is expected to grow by 15.5% from the same period last year, reaching 379 million yen.

In the most recent three-month period, from June to August (3Q), the ordinary profit decreased to 215 million yen, a 20.7% 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 1.2%.

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
Dec - Aug, 2021	45,110	599	732	468	50.5	72.8	Oct 3, 2022	J-GAAP
Dec - Aug, 2022	45,967	692	844	589	63.6	72.0	Oct 2, 2023	J-GAAP
Dec - Aug, 2023	44,834	678	811	508	54.8	68.2	Oct 3, 2024	J-GAAP
YoY	-2.5%	-2.0%	-3.9%	-13.8%	-13.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	31,478	501	599	422	45.5	36.50	Dec 28, 2023	J-GAAP
Jun - Nov, 2024 Guidance	34,559	488	594	386	41.6	28	Jul 3, 2024	J-GAAP
YoY	+9.8%	-2.6%	-0.8%	-8.5%	-8.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	60,874	822	1,005	641	69.1	24	Dec 28, 2022	J-GAAP
Nov, 2023	62,368	974	1,172	812	87.6	36.50	Dec 28, 2023	J-GAAP
Nov, 2024 Guidance	64,600	990	1,190	761	82.0	28	Dec 28, 2023	J-GAAP
YoY	+3.6%	+1.6%	+1.5%	-6.3%	-6.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	15,077	219	271	199	21.5	1.5	Oct 2, 2023	J-GAAP
Sep - Nov, 2023	16,401	282	328	223	24.1	1.7	Dec 28, 2023	J-GAAP
Dec - Feb, 2023	15,131	267	319	202	21.9	1.8	Apr 3, 2024	J-GAAP
Mar - May, 2024	14,910	235	277	173	18.7	1.6	Jul 3, 2024	J-GAAP
Jun - Aug, 2024	14,793	176	215	133	14.4	1.2	Oct 3, 2024	J-GAAP
YoY	-1.9%	-19.6%	-20.7%	-33.2%	-33.2%