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Kabuki-Za Co.,Ltd., First Half Ordinary Profit Increases by 27%, Exceeds Full-Year Plan

Thu Oct 10, 2024 4:00 pm JST Earnings

9661 Kabuki-Za Co.,Ltd. 【J-GAAP】

Earnings Report

Kabuki-Za Co.,Ltd. <9661> [TSE-S] announced its financial results after the market closed on October 10th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 27.3% from the same period last year, reaching 154 million yen, exceeded the previous forecast of 121 million yen.

The progress rate against the full-year plan of 116 million yen is 132.8%, already exceeding the target and also exceeding the same period of the previous year of 54.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a loss of 38 million yen (compared to a profit of 101 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 69 million yen, a 4.2% decrease compared to the same period last year. The operating profit margin worsened from 8.7% in the same period last year to 8.2%.

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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 1,243 -43 -23 -54 -4.5 ー Oct 12, 2022 J-GAAP
Mar - Aug, 2023 1,509 98 121 81 6.7 54.5 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 1,543 124 154 114 9.4 132.8 Oct 10, 2024 J-GAAP
YoY +2.3% +26.5% +27.3% +40.7% +40.4%

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 1,500 99 121 84 6.9 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 1,543 124 154 114 9.4 0 Oct 10, 2024 J-GAAP
Revision Rate +2.9% +25.3% +27.3% +35.7% +35.9%

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 1,543 105 101 174 14.4 5 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,437 -34 -38 -34 -2.8 5 Oct 10, 2024 J-GAAP
YoY -6.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 2,701 -25 -3 -78 -6.5 5 Apr 13, 2023 J-GAAP
Feb, 2024 3,052 203 222 255 21.1 5 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 2,980 90 116 80 6.6 5 Apr 12, 2024 J-GAAP
YoY -2.4% -55.7% -47.7% -68.6% -68.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 760 66 72 52 4.3 8.7 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 742 59 60 43 3.6 8.0 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 801 46 41 131 10.9 5.7 Apr 12, 2024 J-GAAP
Mar - May, 2024 758 60 85 49 4.1 7.9 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 785 64 69 65 5.4 8.2 Oct 10, 2024 J-GAAP
YoY +3.3% -3.0% -4.2% +25.0% +24.6%

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