KYUDENKO CORPORATION, First Half Ordinary Profit Increases by 26%

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Wed Oct 30, 2024 3:00 pm JST Earnings

1959 KYUDENKO CORPORATION 【J-GAAP】

Earnings Report

KYUDENKO CORPORATION <1959> [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 26.2% from the same period last year, reaching 19.8 billion yen. The progress rate against the 43 billion yen full-year plan was 46.3%, exceeding the five-year average of 36.4%.

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 13.1% from the same period last year to 23.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 8.74 billion yen, a 7.6% decrease compared to the same period last year. The operating profit margin worsened from 7.8% in the same period last year to 7.1%.

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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	168,522	10,315	12,015	11,116	156.9	33.9	Oct 26, 2022	J-GAAP
Apr - Sep, 2023	200,617	13,692	15,766	10,160	143.5	37.2	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	219,303	18,254	19,896	13,168	186.2	46.3	Oct 30, 2024	J-GAAP
YoY	+9.3%	+33.3%	+26.2%	+29.6%	+29.8%

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	ー	ー	ー	ー	－	65	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	219,303	18,254	19,896	13,168	186.2	65	Oct 30, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	268,440	24,324	26,596	17,857	252.3	65	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	280,697	21,246	23,104	15,832	223.8	65	Oct 30, 2024	J-GAAP
YoY	+4.6%	-12.7%	-13.1%	-11.3%	-11.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	395,783	32,083	35,462	26,349	371.9	110	Apr 28, 2023	J-GAAP
Mar, 2024	469,057	38,016	42,362	28,017	395.9	120	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	500,000	39,500	43,000	29,000	410.0	130	Apr 26, 2024	J-GAAP
YoY	+6.6%	+3.9%	+1.5%	+3.5%	+3.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	114,375	8,884	9,472	5,906	83.4	7.8	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	114,450	9,533	10,505	6,890	97.3	8.3	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	153,990	14,791	16,091	10,967	155.0	9.6	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	107,205	10,263	11,147	7,758	109.7	9.6	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	112,098	7,991	8,749	5,410	76.5	7.1	Oct 30, 2024	J-GAAP
YoY	-2.0%	-10.1%	-7.6%	-8.4%	-8.3%