Kurotani Corporation, Ordinary Profit Unexpectedly Turn to Loss for Last Fiscal Year, 58% Decrease in Ordinary Profit for The Current Fiscal Year

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Fri Oct 11, 2024 3:00 pm JST Earnings

3168 Kurotani Corporation 【J-GAAP】

Earnings Report

Kurotani Corporation <3168> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the fiscal year ending August 2024 expanded to 4.6 times that of the previous period to 1.03 billion yen, falling below the forecast of 1.92 billion yen. However, for the fiscal year ending August 2025 is also bleak, with an expected significant drop by 57.7% from the previous period to 439 million yen.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit/loss turned to a loss of 198 million yen (compared to a profit of 174 million yen in the same period last year). The operating profit/loss margin worsened from 1.4% in the same period last year to -0.2%.

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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	89,102	862	936	547	38.5	20	Oct 14, 2022	J-GAAP
Aug, 2023	84,594	532	227	170	12.0	20	Oct 13, 2023	J-GAAP
Aug, 2024	82,070	1,450	1,037	532	37.7	20	Oct 11, 2024	J-GAAP
YoY	-3.0%	+172.6%	+356.8%	+212.9%	+213.5%

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	82,128	2,271	1,925	1,080	76.5	20	Jul 12, 2024	J-GAAP
Aug, 2024 Results	82,070	1,450	1,037	532	37.7	20	Oct 11, 2024	J-GAAP
Revision Rate	-0.1%	-36.2%	-46.1%	-50.7%	-50.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	35,408	433	139	13	0.9	10	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	38,300	167	18	10	0.7	10	Oct 11, 2024	J-GAAP
YoY	+8.2%	-61.4%	-87.1%	-23.1%	-22.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	84,594	532	227	170	12.0	20	Oct 13, 2023	J-GAAP
Aug, 2024	82,070	1,450	1,037	532	37.7	20	Oct 11, 2024	J-GAAP
Aug, 2025 Guidance	77,201	739	439	294	20.8	20	Oct 11, 2024	J-GAAP
YoY	-5.9%	-49.0%	-57.7%	-44.7%	-44.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	23,068	315	174	117	8.3	1.4	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	17,745	231	200	120	8.6	1.3	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	17,663	202	-61	-107	-7.6	1.1	Apr 12, 2024	J-GAAP
Mar - May, 2024	22,351	1,066	1,096	590	41.8	4.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	24,311	-49	-198	-71	-5.0	-0.2	Oct 11, 2024	J-GAAP
YoY	+5.4%	－	－	－	－