Karula Co.,LTD., June-August (2Q) Ordinary Profit Decreases by 9%

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Fri Oct 4, 2024 3:00 pm JST Earnings

2789 Karula Co.,LTD. 【J-GAAP】

Earnings Report

Karula Co.,LTD. <2789> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 273 million yen, a 0.7% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 15.5% decrease.

However, The progress rate against the 300 million yen full-year plan was 91.0%, it was below the five-year average of 158.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to significant drop by 60.3% from the same period last year to 27 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 162 million yen, a 9.0% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 8.5%.

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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	2,989	-7	30	22	3.8	214.3	Oct 5, 2022	J-GAAP
Mar - Aug, 2023	3,519	273	271	357	59.5	79.9	Oct 5, 2023	J-GAAP
Mar - Aug, 2024	3,738	281	273	288	50.0	91.0	Oct 4, 2024	J-GAAP
YoY	+6.2%	+2.9%	+0.7%	-19.3%	-16.0%

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	3,664	228	229	206	35.7	0	Apr 5, 2024	J-GAAP
Mar - Aug, 2024 Results	3,738	281	273	288	50.0	0	Oct 4, 2024	J-GAAP
Revision Rate	+2.0%	+23.2%	+19.2%	+39.8%	+39.8%

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	3,321	75	68	80	13.4	5	Apr 5, 2024	J-GAAP
Sep - Feb, 2024 Guidance	3,362	19	27	-18	-3.1	5	Oct 4, 2024	J-GAAP
YoY	+1.2%	-74.7%	-60.3%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	6,041	-6	14	-61	-10.2	0	Apr 5, 2023	J-GAAP
Feb, 2024	6,840	348	339	437	73.0	5	Apr 5, 2024	J-GAAP
Feb, 2025 Guidance	7,100	300	300	270	46.8	5	Apr 5, 2024	J-GAAP
YoY	+3.8%	-13.8%	-11.5%	-38.2%	-35.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,827	178	178	241	40.2	9.7	Oct 5, 2023	J-GAAP
Sep - Nov, 2023	1,642	12	4	-4	-0.7	0.7	Jan 5, 2024	J-GAAP
Dec - Feb, 2023	1,679	63	64	84	14.0	3.8	Apr 5, 2024	J-GAAP
Mar - May, 2024	1,782	115	111	126	21.9	6.5	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	1,956	166	162	162	28.1	8.5	Oct 4, 2024	J-GAAP
YoY	+7.1%	-6.7%	-9.0%	-32.8%	-30.0%