KOMATSU MATERE Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase

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Wed Oct 30, 2024 3:00 pm JST Earnings

3580 KOMATSU MATERE Co., Ltd. 【J-GAAP】

Earnings Report

KOMATSU MATERE Co., Ltd. <3580> [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 27.8% from the same period last year, reaching 1.53 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 3.8%, from the previous forecast of 2.6 billion yen to 2.7 billion yen (compared to 2.64 billion yen in the previous period), turning to a 2.2% increase in the consolidated ordinary profit outlook.

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 decrease by 19.2% from the same period last year to 1.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.2% from the same period last year, reaching 765 million yen. The operating profit margin improved from 4.2% in the same period last year to 6.2%.

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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	17,397	956	1,352	940	23.4	80.3	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	17,677	736	1,200	890	22.3	45.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	19,113	1,163	1,534	1,629	40.7	56.8	Oct 30, 2024	J-GAAP
YoY	+8.1%	+58.0%	+27.8%	+83.0%	+82.8%

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	19,000	1,000	1,450	1,650	41.1	12	Sep 6, 2024	J-GAAP
Apr - Sep, 2024 Results	19,113	1,163	1,534	1,629	40.7	12	Oct 30, 2024	J-GAAP
Revision Rate	+0.6%	+16.3%	+5.8%	-1.3%	-1.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	39,000	1,800	2,600	2,450	61.3	24	Sep 6, 2024	J-GAAP
Mar, 2025 New	39,000	1,900	2,700	2,450	61.3	24	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	+5.6%	+3.8%	0.0%	0.0%

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	18,993	1,120	1,443	953	23.8	10	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,887	737	1,166	821	20.6	12	Oct 30, 2024	J-GAAP
YoY	+4.7%	-34.2%	-19.2%	-13.9%	-13.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	35,438	1,605	1,683	1,118	27.9	20	May 9, 2023	J-GAAP
Mar, 2024	36,670	1,856	2,643	1,843	46.0	22	May 8, 2024	J-GAAP
Mar, 2025 Guidance	39,000	1,900	2,700	2,450	61.3	24	Oct 30, 2024	J-GAAP
YoY	+6.4%	+2.4%	+2.2%	+32.9%	+33.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,833	367	647	465	11.6	4.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	9,469	658	828	568	14.2	6.9	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	9,524	462	615	385	9.6	4.9	May 8, 2024	J-GAAP
Apr - Jun, 2024	9,489	565	769	1,084	27.1	6.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	9,624	598	765	545	13.6	6.2	Oct 30, 2024	J-GAAP
YoY	+9.0%	+62.9%	+18.2%	+17.2%	+17.0%