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KOHNAN SHOJI CO.,LTD., June-August (2Q) Ordinary Profit Increases by 12%

Thu Oct 10, 2024 3:00 pm JST Earnings

7516 KOHNAN SHOJI CO.,LTD. 【J-GAAP】

Earnings Report

KOHNAN SHOJI CO.,LTD. <7516> [TSE-P] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 15.3 billion yen, a 2.9% increase compared to the same period last year. The progress rate against the 24 billion yen full-year plan was 64.1%, almost the same as the five-year average of 64.0%.

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 grow by 12.7% from the same period last year, reaching 8.61 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 11.7% from the same period last year, reaching 8.09 billion yen. The operating profit margin remained almost flat, changing from 6.0% in the same period last year to 6.2%.

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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 222,224 13,499 12,796 8,522 274.8 61.7 Oct 11, 2022 J-GAAP
Mar - Aug, 2023 238,210 15,628 14,959 10,253 342.4 66.2 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 256,612 15,904 15,388 9,225 317.8 64.1 Oct 10, 2024 J-GAAP
YoY +7.7% +1.8% +2.9% -10.0% -7.2%

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 252,400 16,600 15,700 10,600 369.7 50 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 256,612 15,904 15,388 9,225 317.8 50 Oct 10, 2024 J-GAAP
Revision Rate +1.7% -4.2% -2.0% -13.0% -14.0%

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 234,445 8,469 7,639 3,801 128.2 48 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 244,688 9,996 8,612 5,575 194.4 50 Oct 10, 2024 J-GAAP
YoY +4.4% +18.0% +12.7% +46.7% +51.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 439,024 22,019 20,732 13,235 431.1 90 Apr 11, 2023 J-GAAP
Feb, 2024 472,655 24,097 22,598 14,054 473.9 95 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 501,300 25,900 24,000 14,800 516.1 100 Apr 10, 2024 J-GAAP
YoY +6.1% +7.5% +6.2% +5.3% +8.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 123,130 7,434 7,250 4,730 158.0 6.0 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 117,840 4,746 4,099 2,621 88.1 4.0 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 116,605 3,723 3,540 1,180 39.8 3.2 Apr 10, 2024 J-GAAP
Mar - May, 2024 125,505 7,827 7,290 4,764 162.7 6.2 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 131,107 8,077 8,098 4,461 153.7 6.2 Oct 10, 2024 J-GAAP
YoY +6.5% +8.6% +11.7% -5.7% -2.7%

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