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

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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	ー	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%	－	－	－	－