KOMERI CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 9%

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Tue Oct 22, 2024 3:00 pm JST Earnings

8218 KOMERI CO.,LTD. 【J-GAAP】

Earnings Report

KOMERI CO.,LTD. <8218> [TSE-P] announced its financial results after the market closed on October 22nd (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.4% from the same period last year, reaching 14.5 billion yen. The progress rate against the 24.5 billion yen full-year plan was 59.4%, it was below the five-year average of 65.5%.

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 October to March period (second half) is expected to grow by 18.3% from the same period last year, reaching 9.93 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.9 billion yen, a 9.5% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.0% in the same period last year to 5.9%.

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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
Apr - Sep, 2022	197,888	17,076	16,508	11,302	232.3	64.0	Oct 25, 2022	J-GAAP
Apr - Sep, 2023	194,277	13,827	13,817	9,242	192.4	62.2	Oct 24, 2023	J-GAAP
Apr - Sep, 2024	198,804	14,816	14,563	9,562	201.3	59.4	Oct 22, 2024	J-GAAP
YoY	+2.3%	+7.2%	+5.4%	+3.5%	+4.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	202,100	15,700	15,700	10,500	221.8	27	Apr 23, 2024	J-GAAP
Apr - Sep, 2024 Results	198,804	14,816	14,563	9,562	201.3	27	Oct 22, 2024	J-GAAP
Revision Rate	-1.6%	-5.6%	-7.2%	-8.9%	-9.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	176,475	8,254	8,397	4,470	93.3	26	Apr 23, 2024	J-GAAP
Oct - Mar, 2024 Guidance	189,196	9,484	9,937	5,638	119.0	27	Oct 22, 2024	J-GAAP
YoY	+7.2%	+14.9%	+18.3%	+26.1%	+27.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	379,401	26,053	25,812	17,096	351.6	50	Apr 25, 2023	J-GAAP
Mar, 2024	370,752	22,081	22,214	13,712	286.1	52	Apr 23, 2024	J-GAAP
Mar, 2025 Guidance	388,000	24,300	24,500	15,200	320.8	54	Apr 23, 2024	J-GAAP
YoY	+4.7%	+10.0%	+10.3%	+10.9%	+12.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	90,203	5,387	5,418	3,588	74.7	6.0	Oct 24, 2023	J-GAAP
Oct - Dec, 2023	95,787	6,278	6,345	4,616	96.3	6.6	Jan 23, 2024	J-GAAP
Jan - Mar, 2024	80,688	1,976	2,052	-146	-3.1	2.4	Apr 23, 2024	J-GAAP
Apr - Jun, 2024	107,449	9,462	9,659	6,562	137.8	8.8	Jul 23, 2024	J-GAAP
Jul - Sep, 2024	91,355	5,354	4,904	3,000	63.2	5.9	Oct 22, 2024	J-GAAP
YoY	+1.3%	-0.6%	-9.5%	-16.4%	-15.5%