kabutan

KAMEDA SEIKA CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 3%

Tue Oct 29, 2024 3:00 pm JST Earnings

2220 KAMEDA SEIKA CO.,LTD. 【J-GAAP】

Earnings Report

KAMEDA SEIKA CO.,LTD. <2220> [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) decreased by 14.3% from the same period last year to 1.83 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 2.9%, from the previous forecast of 6.8 billion yen to 7 billion yen (compared to 6.79 billion yen in the previous period), increasing the growth rate from 0.03% to 3.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 10.9% from the same period last year, reaching 5.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 207 million yen (compared to a profit of 664 million yen in the same period last year). However, the operating profit margin improved from 0.7% in the same period last year to 2.8%.

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 46,020 1,691 2,989 1,865 88.5 57.3 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 44,067 854 2,144 980 46.5 31.5 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 48,560 1,768 1,837 794 37.7 26.2 Oct 29, 2024 J-GAAP
YoY +10.2% +107.0% -14.3% -19.0% -19.0%

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 48,400 1,400 2,000 900 42.7 15 Aug 2, 2024 J-GAAP
Apr - Sep, 2024 Results 48,560 1,768 1,837 794 37.7 15 Oct 29, 2024 J-GAAP
Revision Rate +0.3% +26.3% -8.2% -11.8% -11.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 102,000 5,000 6,800 3,800 180.2 57 Aug 2, 2024 J-GAAP
Mar, 2025 New 102,000 5,500 7,000 4,000 189.7 57 Oct 29, 2024 J-GAAP
Revision Rate 0.0% +10.0% +2.9% +5.3% +5.3%

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 51,467 3,613 4,654 1,277 60.6 41 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 53,440 3,732 5,163 3,206 152.1 42 Oct 29, 2024 J-GAAP
YoY +3.8% +3.3% +10.9% +151.1% +151.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 94,992 3,564 5,215 1,892 89.8 55 May 10, 2023 J-GAAP
Mar, 2024 95,534 4,467 6,798 2,257 107.1 56 May 15, 2024 J-GAAP
Mar, 2025 Guidance 102,000 5,500 7,000 4,000 189.7 57 Oct 29, 2024 J-GAAP
YoY +6.8% +23.1% +3.0% +77.2% +77.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 21,845 155 664 183 8.7 0.7 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 26,069 2,041 1,851 1,003 47.6 7.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 25,398 1,572 2,803 274 13.0 6.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 24,066 1,074 2,044 1,191 56.5 4.5 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 24,494 694 -207 -397 -18.8 2.8 Oct 29, 2024 J-GAAP
YoY +12.1% +347.7%

Related Articles