KITOKU SHINRYO CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 33%, Dividend Revised Upward by 40 yen

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Thu Oct 24, 2024 3:00 pm JST Revision

2700 KITOKU SHINRYO CO., LTD. 【J-GAAP】

Guidance Update Report

KITOKU SHINRYO CO., LTD. <2700> [TSE-S] announced a revision to its performance and dividend after the market closed on October 24th (15:00). The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward by 33.3%, from the previous forecast of 1.5 billion yen to 2 billion yen (compared to 2.15 billion yen in the previous period), and the declining rate is expected to decrease from 30.3% to 7.1%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated ordinary profit is expected to increase by 2.5 times, from the previous forecast of 328 million yen to 828 million yen (compared to 723 million yen in the same period of the previous year), turning to a 14.5% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 100 yen (compared to 80 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	58,810	441	328	169	103.4	30	Aug 6, 2024	J-GAAP
Jul - Dec, 2024 New	58,810	841	828	469	287.0	70	Oct 24, 2024	J-GAAP
Revision Rate	0.0%	+90.7%	+152.4%	+177.5%	+177.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	118,000	1,500	1,500	1,000	612.0	60	Feb 15, 2024	J-GAAP
Dec, 2024 New	118,000	1,900	2,000	1,300	795.6	100	Oct 24, 2024	J-GAAP
Revision Rate	0.0%	+26.7%	+33.3%	+30.0%	+30.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	58,002	702	723	498	307.5	50	Feb 15, 2024	J-GAAP
Jul - Dec, 2024 Guidance	58,810	841	828	469	287.0	70	Oct 24, 2024	J-GAAP
YoY	+1.4%	+19.8%	+14.5%	-5.8%	-6.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	104,704	1,316	1,371	1,038	641.0	60	Feb 16, 2023	J-GAAP
Dec, 2023	114,835	2,061	2,153	1,478	912.7	80	Feb 15, 2024	J-GAAP
Dec, 2024 Guidance	118,000	1,900	2,000	1,300	795.6	100	Oct 24, 2024	J-GAAP
YoY	+2.8%	-7.8%	-7.1%	-12.0%	-12.8%