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GIKEN LTD., 1% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 2 yen

Fri Oct 11, 2024 3:00 pm JST Earnings

6289 GIKEN LTD. 【J-GAAP】

Earnings Report

GIKEN LTD. <6289> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the fiscal year ending August 2024 increased by 17.1% from the previous period to 3.58 billion yen. For the fiscal year ending August 2025, the profit is nearly flat with a slight increase of 0.5% to 3.6 billion yen.

At the same time, the company increased the annual dividend for the previous term from 40 yen to 42 yen (compared to 40 yen in the prior term), and has decided to increase the dividend this fiscal year to 44 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit dropped to 450 million yen, a 44.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 10.0% in the same period last year to 6.6%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2022 30,378 4,613 4,832 3,234 117.7 70 Oct 12, 2022 J-GAAP
Aug, 2023 29,272 2,983 3,060 846 30.8 40 Oct 11, 2023 J-GAAP
Aug, 2024 29,481 3,324 3,582 2,437 91.0 42 Oct 11, 2024 J-GAAP
YoY +0.7% +11.4% +17.1% +188.1% +195.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 Guidance 30,000 3,300 3,400 2,400 89.7 40 Oct 11, 2023 J-GAAP
Aug, 2024 Results 29,481 3,324 3,582 2,437 91.0 42 Oct 11, 2024 J-GAAP
Revision Rate -1.7% +0.7% +5.4% +1.5% +1.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 15,535 2,417 2,590 1,849 69.0 20 Apr 9, 2024 J-GAAP
Sep - Feb, 2024 Guidance 15,700 2,550 2,600 1,900 70.9 22 Oct 11, 2024 J-GAAP
YoY +1.1% +5.5% +0.4% +2.8% +2.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 29,272 2,983 3,060 846 30.8 40 Oct 11, 2023 J-GAAP
Aug, 2024 29,481 3,324 3,582 2,437 91.0 42 Oct 11, 2024 J-GAAP
Aug, 2025 Guidance 30,000 3,500 3,600 2,600 98.3 44 Oct 11, 2024 J-GAAP
YoY +1.8% +5.3% +0.5% +6.7% +8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 8,076 807 807 623 22.7 10.0 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 7,418 1,198 1,265 872 32.5 16.1 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 8,117 1,219 1,325 977 36.5 15.0 Apr 9, 2024 J-GAAP
Mar - May, 2024 6,598 420 542 369 13.8 6.4 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 7,348 487 450 219 8.2 6.6 Oct 11, 2024 J-GAAP
YoY -9.0% -39.7% -44.2% -64.8% -64.0%

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