KANTSU CO.,LTD., First Half Ordinary Profit Decreases by 52%, June-Augus Ordinary Profit Decreases by 85%

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Fri Oct 11, 2024 4:00 pm JST Earnings

9326 KANTSU CO.,LTD. 【J-GAAP】

Earnings Report

KANTSU CO.,LTD. <9326> [TSE-G] announced its financial results after the market closed on October 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 51.9% from the same period last year to 78 million yen. The progress rate against the 522 million yen full-year plan was 14.9%, also falling below the five-year average of 41.5%.

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 82.0% from the same period last year, reaching 444 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 16 million yen, a 84.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 3.7% in the same period last year to 0.6%.

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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	5,107	191	175	113	11.0	48.6	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	5,619	164	162	115	11.5	39.9	Oct 11, 2023	J-GAAP
Mar - Aug, 2024	7,579	99	78	49	5.0	14.9	Oct 11, 2024	J-GAAP
YoY	+34.9%	-39.6%	-51.9%	-57.4%	-56.5%

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	7,492	98	91	62	6.2	0	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	7,579	99	78	49	5.0	0	Oct 11, 2024	J-GAAP
Revision Rate	+1.2%	+1.0%	-14.3%	-21.0%	-19.3%

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	6,319	246	244	-66	-6.7	10	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	8,292	443	444	303	30.2	10	Oct 11, 2024	J-GAAP
YoY	+31.2%	+80.1%	+82.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	10,493	392	360	628	61.2	10	Apr 14, 2023	J-GAAP
Feb, 2024	11,938	410	406	49	4.9	10	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	15,871	542	522	352	35.1	10	Apr 12, 2024	J-GAAP
YoY	+32.9%	+32.2%	+28.6%	+618.4%	+610.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,843	104	105	74	7.4	3.7	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	3,061	107	112	78	7.8	3.5	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	3,258	139	132	-144	-14.5	4.3	Apr 12, 2024	J-GAAP
Mar - May, 2024	3,761	78	62	38	3.8	2.1	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	3,818	21	16	11	1.1	0.6	Oct 11, 2024	J-GAAP
YoY	+34.3%	-79.8%	-84.8%	-85.1%	-84.8%