kabutan

KOHSOKU CORPORATION, First Half Ordinary Profit Unexpectedly Revised Upward by 8%

Wed Oct 30, 2024 3:00 pm JST Earnings

7504 KOHSOKU CORPORATION 【J-GAAP】

Earnings Report

KOHSOKU CORPORATION <7504> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.9% from the same period last year, reaching 2.44 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.7% decrease.

The progress rate against the 4.65 billion yen full-year plan was 52.6%, also surpassing the five-year average of 49.0%.

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 decrease by 2.5% from the same period last year to 2.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.7% from the same period last year, reaching 1.4 billion yen. The operating profit margin improved from 4.3% in the same period last year to 4.7%.

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 48,196 2,085 2,199 1,490 77.2 51.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 52,317 2,120 2,266 1,524 78.9 50.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 55,012 2,290 2,445 1,674 86.6 52.6 Oct 30, 2024 J-GAAP
YoY +5.2% +8.0% +7.9% +9.8% +9.7%

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 2,100 2,250 1,500 77.5 27 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 55,012 2,290 2,445 1,674 86.6 27 Oct 30, 2024 J-GAAP
Revision Rate +1.9% +9.0% +8.7% +11.6% +11.7%

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 53,899 2,107 2,262 1,590 82.3 28 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 56,988 2,060 2,205 1,476 75.8 27 Oct 30, 2024 J-GAAP
YoY +5.7% -2.2% -2.5% -7.2% -7.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 98,850 4,008 4,240 2,978 154.2 46 May 12, 2023 J-GAAP
Mar, 2024 106,216 4,227 4,528 3,114 161.2 52 May 10, 2024 J-GAAP
Mar, 2025 Guidance 112,000 4,350 4,650 3,150 161.8 54 May 10, 2024 J-GAAP
YoY +5.4% +2.9% +2.7% +1.2% +0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 26,341 1,133 1,195 804 41.6 4.3 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 29,127 1,470 1,561 1,061 54.9 5.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 24,772 637 701 529 27.4 2.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 26,802 956 1,039 711 36.8 3.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 28,210 1,334 1,406 963 49.8 4.7 Oct 30, 2024 J-GAAP
YoY +7.1% +17.7% +17.7% +19.8% +19.6%

Related Articles