Keihanshin Building Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 6%

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Wed Oct 30, 2024 4:30 pm JST Earnings

8818 Keihanshin Building Co., Ltd. 【J-GAAP】

Earnings Report

Keihanshin Building Co., Ltd. <8818> [TSE-P] announced its financial results after the market closed on October 30th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.74 billion yen, a 1.2% increase compared to the same period last year. However, The progress rate against the 5.5 billion yen full-year plan was 50.0%, also falling below the five-year average of 54.3%.

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 grow by 29.4% from the same period last year, reaching 2.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.22 billion yen, a 5.9% decrease compared to the same period last year. The operating profit margin decreased from 29.3% in the same period last year to 27.1%.

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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	9,330	3,072	2,973	2,747	55.1	59.0	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	9,861	2,835	2,716	2,338	47.7	56.1	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	9,701	2,762	2,749	1,903	38.9	50.0	Oct 30, 2024	J-GAAP
YoY	-1.6%	-2.6%	+1.2%	-18.6%	-18.5%

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	－	18.50	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	9,701	2,762	2,749	1,903	38.9	18.50	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	9,449	2,248	2,126	1,455	29.7	19	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,999	2,838	2,751	1,897	39.1	18.50	Oct 30, 2024	J-GAAP
YoY	+5.8%	+26.2%	+29.4%	+30.4%	+31.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,879	5,375	5,040	4,186	84.7	36	May 12, 2023	J-GAAP
Mar, 2024	19,310	5,083	4,842	3,793	77.5	37	May 14, 2024	J-GAAP
Mar, 2025 Guidance	19,700	5,600	5,500	3,800	78.2	37	May 14, 2024	J-GAAP
YoY	+2.0%	+10.2%	+13.6%	+0.2%	+1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,899	1,436	1,301	1,062	21.7	29.3	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	4,794	1,350	1,300	904	18.5	28.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	4,655	898	826	551	11.3	19.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,769	1,425	1,525	1,060	21.7	29.9	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	4,932	1,337	1,224	843	17.2	27.1	Oct 30, 2024	J-GAAP
YoY	+0.7%	-6.9%	-5.9%	-20.6%	-20.5%