KOMEDA Holdings Co., Ltd, June-August (2Q) Net Income Increases by 12%

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Wed Oct 9, 2024 3:30 pm JST Earnings

3543 KOMEDA Holdings Co., Ltd 【IFRS】

Earnings Report

KOMEDA Holdings Co., Ltd <3543> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 9th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 2.99 billion yen, a 2.5% increase compared to the same period last year. However, The progress rate against the 6.33 billion yen full-year plan was 47.3%, almost the same as the five-year average of 48.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to grow by 9.3% from the same period last year, reaching 3.33 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income grew by 11.9% from the same period last year, reaching 1.55 billion yen. The operating profit margin rose from 19.1% in the same period last year to 19.5%.

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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	18,111	3,756	3,807	2,585	56.1	47.6	Oct 12, 2022	IFRS
Mar - Aug, 2023	21,284	4,322	4,288	2,918	63.5	49.4	Oct 11, 2023	IFRS
Mar - Aug, 2024	23,058	4,456	4,390	2,992	65.6	47.3	Oct 9, 2024	IFRS
YoY	+8.3%	+3.1%	+2.4%	+2.5%	+3.3%

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	ー	ー	ー	ー	－	27	Apr 10, 2024	IFRS
Mar - Aug, 2024 Results	23,058	4,456	4,390	2,992	65.6	27	Oct 9, 2024	IFRS
Revision Rate	－	－	－	－	－

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	21,952	4,395	4,397	3,054	66.5	27	Apr 10, 2024	IFRS
Sep - Feb, 2024 Guidance	22,407	4,894	4,895	3,338	73.4	27	Oct 9, 2024	IFRS
YoY	+2.1%	+11.4%	+11.3%	+9.3%	+10.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	37,836	8,024	8,001	5,424	117.6	52	Apr 12, 2023	IFRS
Feb, 2024	43,236	8,717	8,685	5,972	130.1	53	Apr 10, 2024	IFRS
Feb, 2025 Guidance	45,465	9,350	9,285	6,330	139.2	54	Apr 10, 2024	IFRS
YoY	+5.2%	+7.3%	+6.9%	+6.0%	+6.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	10,830	2,066	2,042	1,390	30.2	19.1	Oct 11, 2023	IFRS
Sep - Nov, 2023	10,836	2,297	2,311	1,574	34.3	21.2	Jan 12, 2024	IFRS
Dec - Feb, 2023	11,116	2,098	2,086	1,480	32.3	18.9	Apr 10, 2024	IFRS
Mar - May, 2024	11,050	2,111	2,109	1,437	31.4	19.1	Jul 10, 2024	IFRS
Jun - Aug, 2024	12,008	2,345	2,281	1,555	34.1	19.5	Oct 9, 2024	IFRS
YoY	+10.9%	+13.5%	+11.7%	+11.9%	+12.8%