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Kyokuto Co.,Ltd., June-August (2Q) Ordinary Profit Loss Widens

Fri Oct 4, 2024 2:00 pm JST Earnings

2300 Kyokuto Co.,Ltd. 【J-GAAP】

Earnings Report

Kyokuto Co.,Ltd. <2300> [TSE-S] announced its financial results in the afternoon session on October 4th (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 12.6% from the same period last year, reaching 419 million yen. The progress rate for full-year plan of 250 million yen has already exceeded 167.6%, but was lower than the the same period of the previous year of 228.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the September to February period (second half) is expected to further decrease to loss of 169 million yen (compared to a loss of 209 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary loss expanded to a loss of 112 million yen (compared to a loss of 77 million yen in the same period last year). The operating profit/loss margin worsened from -8.7% in the same period last year to -11.3%.

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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
Mar - Aug, 2022 2,754 184 225 142 36.8 ー Oct 7, 2022 J-GAAP
Mar - Aug, 2023 2,862 333 372 229 43.6 228.2 Oct 6, 2023 J-GAAP
Mar - Aug, 2024 3,182 374 419 292 55.6 167.6 Oct 4, 2024 J-GAAP
YoY +11.2% +12.3% +12.6% +27.5% +27.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 3,110 350 390 270 51.3 5.50 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 3,182 374 419 292 55.6 5.50 Oct 4, 2024 J-GAAP
Revision Rate +2.3% +6.9% +7.4% +8.1% +8.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 2,055 -250 -209 -110 -20.9 5.50 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 2,148 -224 -169 -142 -27.0 5.50 Oct 4, 2024 J-GAAP
YoY +4.5% +10.4% +19.1% -29.1% -29.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 4,688 -177 -93 -169 -32.3 6 May 31, 2023 J-GAAP
Feb, 2024 4,917 83 163 119 22.6 8.50 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 5,330 150 250 150 28.5 11 Apr 15, 2024 J-GAAP
YoY +8.4% +80.7% +53.4% +26.1% +26.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,078 -94 -77 -53 -10.1 -8.7 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 1,077 -75 -55 -41 -7.8 -7.0 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 978 -175 -154 -69 -13.1 -17.9 Apr 15, 2024 J-GAAP
Mar - May, 2024 2,034 504 531 367 69.8 24.8 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 1,148 -130 -112 -75 -14.3 -11.3 Oct 4, 2024 J-GAAP
YoY +6.5% -38.3% -45.5% -41.5% -41.6%

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