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KAWATA MFG. CO., LTD., First Half Ordinary Profit Decreases by 63%, July-September Ordinary Profit Decreases by 94%

Thu Oct 31, 2024 12:00 pm JST Earnings

6292 KAWATA MFG. CO., LTD. 【J-GAAP】

Earnings Report

KAWATA MFG. CO., LTD. <6292> [TSE-S] announced its financial results at noon (12:00) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 62.5% from the same period last year to 289 million yen. The progress rate against the 660 million yen full-year plan was 43.8%, almost the same as the five-year average of 43.0%.

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 drop by 42.3% from the same period last year to 371 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 40 million yen, a 94.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.0% in the same period last year to 3.1%.

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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 7,843 -38 185 -31 -4.5 22.8 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 12,374 664 771 526 75.4 54.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 9,917 286 289 139 20.0 43.8 Oct 31, 2024 J-GAAP
YoY -19.9% -56.9% -62.5% -73.6% -73.4%

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 － 20.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 9,917 286 289 139 20.0 20.50 Oct 31, 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 12,120 585 643 403 57.7 20.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,183 364 371 261 37.4 20.50 Oct 31, 2024 J-GAAP
YoY +0.5% -37.8% -42.3% -35.2% -35.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,826 638 813 351 50.3 41 May 11, 2023 J-GAAP
Mar, 2024 24,494 1,249 1,414 929 133.1 41 May 10, 2024 J-GAAP
Mar, 2025 Guidance 22,100 650 660 400 57.3 41 May 10, 2024 J-GAAP
YoY -9.8% -48.0% -53.3% -56.9% -56.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,176 649 716 535 76.7 9.0 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 5,817 148 96 42 6.0 2.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 6,303 437 547 361 51.7 6.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,752 124 249 145 20.9 2.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 5,165 162 40 -6 -0.9 3.1 Oct 31, 2024 J-GAAP
YoY -28.0% -75.0% -94.4% － －

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