About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.
(C) 2024 MINKABU THE INFONOID, Inc.

Kintetsu Department Store CO.,Ltd., First Half Ordinary Profit Increases by 30%, Current Fiscal Year Dividend Revised Upward by 10 yen

Fri Oct 11, 2024 3:00 pm JST Earnings

8244 Kintetsu Department Store CO.,Ltd. 【J-GAAP】

Earnings Report

Kintetsu Department Store CO.,Ltd. <8244> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 1.82 billion yen, an increase of 30.3% compared to the same period last year. The progress rate against the 5.4 billion yen full-year plan was 33.7%, exceeding the five-year average of 30.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to expand by 45.1% from the same period last year, reaching 3.58 billion yen.

At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 10 yen to 20 yen (compared to 10 yen in the previous period).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 866 million yen, a 31.2% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 3.5%.

Kabutan News

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 51,360 -127 175 422 10.6 9.0 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 55,981 1,505 1,397 1,182 29.4 36.2 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 55,785 1,983 1,820 1,423 35.4 33.7 Oct 11, 2024 J-GAAP
YoY -0.4% +31.8% +30.3% +20.4% +20.6%

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 55,700 1,700 1,600 1,100 27.4 0 Jul 11, 2024 J-GAAP
Mar - Aug, 2024 Results 55,785 1,983 1,820 1,423 35.4 0 Oct 11, 2024 J-GAAP
Revision Rate +0.2% +16.6% +13.8% +29.4% +29.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 116,000 5,700 5,400 3,400 84.2 10 Jul 11, 2024 J-GAAP
Feb, 2025 New 116,000 5,700 5,400 3,400 84.2 20 Oct 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 57,525 2,397 2,467 1,595 39.9 10 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 60,215 3,717 3,580 1,977 49.0 20 Oct 11, 2024 J-GAAP
YoY +4.7% +55.1% +45.1% +23.9% +22.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 107,848 1,566 1,945 1,893 47.4 10 Apr 11, 2023 J-GAAP
Feb, 2024 113,506 3,902 3,864 2,777 69.4 10 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 116,000 5,700 5,400 3,400 84.2 20 Oct 11, 2024 J-GAAP
YoY +2.2% +46.1% +39.8% +22.4% +21.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 29,419 1,265 1,259 1,003 24.9 4.3 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 26,226 482 506 355 8.9 1.8 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 31,299 1,915 1,961 1,240 31.0 6.1 Apr 10, 2024 J-GAAP
Mar - May, 2024 27,622 1,010 954 789 19.7 3.7 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 28,163 973 866 634 15.8 3.5 Oct 11, 2024 J-GAAP
YoY -4.3% -23.1% -31.2% -36.8% -36.7%

Related Articles