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KAWAKAMI PAINT MANUFACTURING CO.,LTD., December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 44%, June-Augus Ordinary Profit Decreases by 79%

Fri Oct 11, 2024 3:00 pm JST Earnings

4616 KAWAKAMI PAINT MANUFACTURING CO.,LTD. 【J-GAAP】

Earnings Report

KAWAKAMI PAINT MANUFACTURING CO.,LTD. <4616> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) dropped by 44.1% from the same period last year to 99 million yen. The progress rate against the 256 million yen full-year plan was 38.7%, also falling below the five-year average of 70.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to surge by 2.6 times that of the same period last year, reaching 157 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit significantly dropped to 16 million yen, a 78.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 3.9% in the same period last year to 0.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - Aug, 2021 4,043 92 132 103 103.7 62.0 Oct 13, 2022 J-GAAP
Dec - Aug, 2022 4,510 140 177 135 135.7 74.4 Oct 12, 2023 J-GAAP
Dec - Aug, 2023 4,359 62 99 69 69.9 38.7 Oct 11, 2024 J-GAAP
YoY -3.3% -55.7% -44.1% -48.9% -48.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 3,208 110 137 127 127.6 30 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 3,677 167 173 162 162.7 30 Jul 11, 2024 J-GAAP
YoY +14.6% +51.8% +26.3% +27.6% +27.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 5,632 161 213 162 162.9 25 Jan 13, 2023 J-GAAP
Nov, 2023 6,142 188 238 203 203.9 30 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 6,590 225 256 220 221.0 30 Jan 12, 2024 J-GAAP
YoY +7.3% +19.7% +7.6% +8.4% +8.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,576 62 76 59 59.3 3.9 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 1,632 48 61 68 68.3 2.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,438 38 49 34 34.2 2.6 Apr 11, 2024 J-GAAP
Mar - May, 2024 1,475 20 34 24 24.4 1.4 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 1,446 4 16 11 11.2 0.3 Oct 11, 2024 J-GAAP
YoY -8.2% -93.5% -78.9% -81.4% -81.2%

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