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KANSEKI CO.,LTD., First Half Ordinary Profit Turns to Profit, June-Augus Ordinary Profit Turns to Profit

Thu Oct 10, 2024 3:00 pm JST Earnings

9903 KANSEKI CO.,LTD. 【J-GAAP】

Earnings Report

KANSEKI CO.,LTD. <9903> [TSE-S] announced its financial results after the market closed on October 10th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 215 million yen (compared to a loss of 37 million yen in the same period last year). The progress rate against the 420 million yen full-year plan was 51.2%, it was below the five-year average of 55.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 205 million yen (compared to a loss of 1.47 billion yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a profit of profit of 21 million yen (compared to a loss of 116 million yen in the same period last year). The operating profit/loss margin improved from -1.1% in the same period last year to 0.7%.

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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 19,223 874 848 525 74.6 66.9 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 17,947 -31 -37 -59 -7.9 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 18,139 253 215 211 28.4 51.2 Oct 10, 2024 J-GAAP
YoY +1.1%

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 18,400 250 233 219 29.4 10 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 Results 18,139 253 215 211 28.4 10 Oct 10, 2024 J-GAAP
Revision Rate -1.4% +1.2% -7.7% -3.7% -3.4%

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 18,406 -1,437 -1,478 -5,160 -692.1 0 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 18,861 197 205 179 24.0 10 Oct 10, 2024 J-GAAP
YoY +2.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 38,069 1,297 1,267 694 95.7 24 Apr 13, 2023 J-GAAP
Feb, 2024 36,353 -1,468 -1,515 -5,219 -700.0 0 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 37,000 450 420 390 52.3 20 Apr 11, 2024 J-GAAP
YoY +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 8,817 -101 -116 -106 -14.2 -1.1 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 8,917 -360 -397 -829 -111.2 -4.0 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 9,489 -1,077 -1,081 -4,331 -580.9 -11.3 Apr 11, 2024 J-GAAP
Mar - May, 2024 9,324 193 194 196 26.3 2.1 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 8,815 60 21 15 2.0 0.7 Oct 10, 2024 J-GAAP
YoY 0.0%

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