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

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%.

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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 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 2,709 121.6 31 Oct 29, 2024 J-GAAP
YoY +12.1% +31.0% +27.9% +35.6% +42.6%

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 3,600 161.6 62 May 14, 2024 J-GAAP
YoY +4.9% +11.1% +2.1% +3.6% +9.0%

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%

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