KIMOTO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 14%

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Tue Oct 29, 2024 5:00 pm JST Earnings

7908 KIMOTO CO.,LTD. 【J-GAAP】

Earnings Report

KIMOTO CO.,LTD. <7908> [TSE-S] announced its financial results after the market closed on October 29th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 110 times that of the same period last year, reaching 768 million yen, exceeded the previous forecast of 490 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 14.0%, from the previous forecast of 860 million yen to 980 million yen (compared to 408 million yen in the previous period), increasing the growth rate from 2.1 times to 2.4 times.

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 drop by 47.1% from the same period last year to 212 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 80.0% from the same period last year, reaching 333 million yen. The operating profit margin drastically improved from 6.0% in the same period last year to 15.2%.

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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	5,826	411	546	405	8.6	ー	Oct 25, 2022	J-GAAP
Apr - Sep, 2023	4,618	-109	7	-1	0.0	1.7	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	5,776	814	768	627	13.6	78.4	Oct 29, 2024	J-GAAP
YoY	+25.1%	－	+10,871.4%	－	－

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	5,500	470	490	490	10.6	3	Jul 30, 2024	J-GAAP
Apr - Sep, 2024 Results	5,776	814	768	627	13.6	3	Oct 29, 2024	J-GAAP
Revision Rate	+5.0%	+73.2%	+56.7%	+28.0%	+28.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	10,900	800	860	690	15.0	6	Jul 30, 2024	J-GAAP
Mar, 2025 New	10,900	1,000	980	720	15.6	6	Oct 29, 2024	J-GAAP
Revision Rate	0.0%	+25.0%	+14.0%	+4.3%	+4.3%

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	5,292	323	401	336	7.3	3	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,124	186	212	93	2.0	3	Oct 29, 2024	J-GAAP
YoY	-3.2%	-42.4%	-47.1%	-72.3%	-72.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,623	-626	-512	-567	-12.2	6	Apr 24, 2023	J-GAAP
Mar, 2024	9,910	214	408	335	7.3	6	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	10,900	1,000	980	720	15.6	6	Oct 29, 2024	J-GAAP
YoY	+10.0%	+367.3%	+140.2%	+114.9%	+114.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,506	151	185	187	5.6	6.0	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	2,547	174	161	104	2.3	6.8	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	2,745	149	240	232	5.0	5.4	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	2,763	357	435	376	8.2	12.9	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	3,013	457	333	251	5.4	15.2	Oct 29, 2024	J-GAAP
YoY	+20.2%	+202.6%	+80.0%	+34.2%	-3.0%