Kawasaki Geological Engineering Co., Ltd., June-August (3Q) Ordinary Profit Loss Widens

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Tue Oct 15, 2024 3:00 pm JST Earnings

4673 Kawasaki Geological Engineering Co., Ltd. 【J-GAAP】

Earnings Report

Kawasaki Geological Engineering Co., Ltd. <4673> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) expanded to 228 million yen, an increase of 54.1% compared to the same period last year. However, The progress rate against the 460 million yen full-year plan was 49.6%, also falling below the five-year average of 94.5%.

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 5.5 times that of the same period last year, reaching 232 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary loss expanded to a loss of 79 million yen (compared to a loss of 45 million yen in the same period last year). The operating profit/loss margin worsened from -2.9% in the same period last year to -5.1%.

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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	7,428	597	663	427	493.3	111.6	Oct 13, 2022	J-GAAP
Dec - Aug, 2022	6,563	85	148	138	159.5	77.9	Oct 12, 2023	J-GAAP
Dec - Aug, 2023	6,550	164	228	125	144.1	49.6	Oct 15, 2024	J-GAAP
YoY	-0.2%	+92.9%	+54.1%	-9.4%	-9.7%

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	4,960	-37	-3	-24	-27.7	25	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	4,791	121	153	70	80.3	25	Jun 25, 2024	J-GAAP
YoY	-3.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	9,383	515	594	330	381.1	50	Jan 13, 2023	J-GAAP
Nov, 2023	9,227	115	190	157	181.3	50	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	9,300	390	460	270	309.9	50	Jan 12, 2024	J-GAAP
YoY	+0.8%	+239.1%	+142.1%	+72.0%	+70.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,296	-67	-45	-43	-49.7	-2.9	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	2,664	30	42	19	22.0	1.1	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,939	-18	-2	-13	-16.0	-0.9	Apr 11, 2024	J-GAAP
Mar - May, 2024	2,570	287	309	213	245.2	11.2	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	2,041	-105	-79	-75	-86.4	-5.1	Oct 15, 2024	J-GAAP
YoY	-11.1%	-56.7%	-75.6%	-74.4%	-73.9%