KYUDENKO CORPORATION, First Half Ordinary Profit Increases by 26%

Wed Oct 30, 2024 3:00 pm JST Earnings

1959 KRAFTIA CORPORATION 【J-GAAP】

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 Performance and Financial Trends

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	168,522M	10,315M	12,015M	11,116M	156.9	33.9	Oct 26, 2022	J-GAAP
Apr - Sep, 2023	200,617M	13,692M	15,766M	10,160M	143.5	37.2	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	219,303M	18,254M	19,896M	13,168M	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	219,303M	18,254M	19,896M	13,168M	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	268,440M	24,324M	26,596M	17,857M	252.3	65	Apr 26, 2024	J-GAAP
Guidance Oct - Mar, 2024	280,697M	21,246M	23,104M	15,832M	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	395,783M	32,083M	35,462M	26,349M	371.9	110	Apr 28, 2023	J-GAAP
Mar, 2024	469,057M	38,016M	42,362M	28,017M	395.9	120	Apr 26, 2024	J-GAAP
Guidance Mar, 2025	500,000M	39,500M	43,000M	29,000M	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	114,375M	8,884M	9,472M	5,906M	83.4	7.8	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	114,450M	9,533M	10,505M	6,890M	97.3	8.3	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	153,990M	14,791M	16,091M	10,967M	155.0	9.6	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	107,205M	10,263M	11,147M	7,758M	109.7	9.6	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	112,098M	7,991M	8,749M	5,410M	76.5	7.1	Oct 30, 2024	J-GAAP
YoY	-2.0%	-10.1%	-7.6%	-8.4%	-8.3%

KYUDENKO CORPORATION, First Half Ordinary Profit Increases by 26%

Actual Performance and Financial Trends

Current Period Guidance

Quarterly Results

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