KANADEN CORPORATION, First Half Ordinary Profit Decreases by 31%, July-September Ordinary Profit Decreases by 33%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Oct 29, 2024 3:00 pm JST Earnings

8081 KANADEN CORPORATION 【J-GAAP】

Earnings Report

KANADEN CORPORATION <8081> [TSE-P] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 30.5% from the same period last year to 1.53 billion yen. The progress rate against the 5.1 billion yen full-year plan was 30.0%, also falling below the five-year average of 34.9%.

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 grow by 27.9% from the same period last year, reaching 3.57 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 953 million yen, a 33.2% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 4.0%.

Kabutan News

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	45,554	1,324	1,665	1,076	40.4	39.2	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	53,647	1,846	2,202	1,476	63.0	44.1	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	51,812	1,516	1,530	891	38.0	30.0	Oct 29, 2024	J-GAAP
YoY	-3.4%	-17.9%	-30.5%	-39.6%	-39.7%

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	54,000	1,700	1,750	1,100	46.9	31	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	51,812	1,516	1,530	891	38.0	31	Oct 29, 2024	J-GAAP
Revision Rate	-4.1%	-10.8%	-12.6%	-19.0%	-18.9%

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	62,624	2,698	2,792	1,998	85.2	29	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	70,188	3,534	3,570	2,709	115.4	31	Oct 29, 2024	J-GAAP
YoY	+12.1%	+31.0%	+27.9%	+35.6%	+35.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	106,419	3,967	4,244	2,896	110.7	39	May 12, 2023	J-GAAP
Mar, 2024	116,271	4,544	4,994	3,474	148.2	53	May 14, 2024	J-GAAP
Mar, 2025 Guidance	122,000	5,050	5,100	3,600	153.4	62	May 14, 2024	J-GAAP
YoY	+4.9%	+11.1%	+2.1%	+3.6%	+3.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	28,944	1,324	1,426	963	41.1	4.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	26,716	752	703	468	20.0	2.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	35,908	1,946	2,089	1,530	65.3	5.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	22,441	337	577	358	15.3	1.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	29,371	1,179	953	533	22.7	4.0	Oct 29, 2024	J-GAAP
YoY	+1.5%	-11.0%	-33.2%	-44.7%	-44.7%