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KVK CORPORATION, First Half Ordinary Profit Increases by 25%, July-September Ordinary Profit Increases by 78%

Mon Oct 28, 2024 3:00 pm JST Earnings

6484 KVK CORPORATION 【J-GAAP】

Earnings Report

KVK CORPORATION <6484> [TSE-S] announced its financial results after the market closed on October 28th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 24.9% from the same period last year, reaching 1.4 billion yen. The progress rate against the 2.8 billion yen full-year plan was 50.2%, also surpassing the five-year average of 46.9%.

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 decrease by 19.9% from the same period last year to 1.39 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 78.0% from the same period last year, reaching 803 million yen. The operating profit margin improved from 6.2% in the same period last year to 8.5%.

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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 14,389 793 843 567 71.4 32.2 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 14,643 1,102 1,125 708 89.1 39.3 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 14,224 1,183 1,405 944 118.3 50.2 Oct 28, 2024 J-GAAP
YoY -2.9% +7.4% +24.9% +33.3% +32.8%

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 15,000 1,250 1,300 900 112.9 35 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 14,224 1,183 1,405 944 118.3 35 Oct 28, 2024 J-GAAP
Revision Rate -5.2% -5.4% +8.1% +4.9% +4.8%

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 15,156 1,428 1,741 1,272 159.8 35 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,276 1,417 1,395 956 119.4 35 Oct 28, 2024 J-GAAP
YoY +7.4% -0.8% -19.9% -24.8% -25.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 29,742 2,450 2,615 1,773 223.4 50 May 11, 2023 J-GAAP
Mar, 2024 29,799 2,530 2,866 1,980 248.8 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 30,500 2,600 2,800 1,900 237.3 70 May 13, 2024 J-GAAP
YoY +2.4% +2.8% -2.3% -4.0% -4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,024 435 451 303 38.1 6.2 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 7,725 668 763 491 61.7 8.6 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 7,431 760 978 781 98.1 10.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 7,232 590 602 408 51.3 8.2 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 6,992 593 803 536 67.2 8.5 Oct 28, 2024 J-GAAP
YoY -0.5% +36.3% +78.0% +76.9% +76.1%

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