KANRO CO.,LTD, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 40%, July-September Ordinary Profit Increases by 73%

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Tue Oct 29, 2024 1:30 pm JST Earnings

2216 KANRO CO.,LTD 【J-GAAP】

Earnings Report

KANRO CO.,LTD <2216> [TSE-S] announced its financial results in the afternoon session on October 29th (13:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 3.16 billion yen, an increase of 40.1% compared to the same period last year. The progress rate against the 3.83 billion yen full-year plan was 82.7%, also surpassing the five-year average of 47.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to drop by 43.5% from the same period last year to 661 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit increased by 72.8% from the same period last year, reaching 814 million yen. The operating profit margin significantly improved from 7.3% in the same period last year to 11.3%.

Kabutan News

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
Jan - Sep, 2022	17,927	1,295	1,355	936	66.6	67.7	Oct 31, 2022	J-GAAP
Jan - Sep, 2023	20,609	2,235	2,262	1,551	111.6	65.9	Oct 27, 2023	J-GAAP
Jan - Sep, 2024	22,679	3,147	3,169	2,334	166.7	82.7	Oct 29, 2024	J-GAAP
YoY	+10.0%	+40.8%	+40.1%	+50.5%	+49.3%

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	14,723	1,616	1,641	1,226	88.2	38	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	15,237	1,467	1,475	1,033	73.5	45	Jul 29, 2024	J-GAAP
YoY	+3.5%	-9.2%	-10.1%	-15.7%	-16.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	25,118	1,933	2,001	1,346	96.1	31.50	Feb 7, 2023	J-GAAP
Dec, 2023	29,015	3,388	3,432	2,462	177.1	58	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	30,800	3,810	3,830	2,800	199.3	80	Jun 24, 2024	J-GAAP
YoY	+6.2%	+12.5%	+11.6%	+13.7%	+12.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,317	463	471	315	22.7	7.3	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	8,406	1,153	1,170	911	65.5	13.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	7,613	1,212	1,217	941	67.5	15.9	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	7,950	1,131	1,138	826	59.1	14.2	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	7,116	804	814	567	40.5	11.3	Oct 29, 2024	J-GAAP
YoY	+12.6%	+73.7%	+72.8%	+80.0%	+78.6%