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

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 5,638 118.9 27 Oct 22, 2024 J-GAAP
YoY +7.2% +14.9% +18.3% +26.1% +27.5%

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 15,200 320.7 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%

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