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KANDENKO CO.,LTD., First Half Ordinary Profit Increases by 57%, July-September Ordinary Profit Increases by 67%

Thu Oct 31, 2024 1:00 pm JST Earnings

1942 KANDENKO CO.,LTD. 【J-GAAP】

Earnings Report

KANDENKO CO.,LTD. <1942> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 26.1 billion yen, an increase of 57.0% compared to the same period last year. The progress rate against the 44 billion yen full-year plan was 59.4%, also surpassing the five-year average of 43.1%.

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 31.3% from the same period last year to 17.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 66.5% from the same period last year, reaching 15 billion yen. The operating profit margin significantly improved from 6.3% in the same period last year to 9.5%.

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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 233,693 13,630 14,518 9,508 46.5 42.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 261,821 15,745 16,652 11,103 54.3 39.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 286,740 25,427 26,144 17,263 84.5 59.4 Oct 31, 2024 J-GAAP
YoY +9.5% +61.5% +57.0% +55.5% +55.5%

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 293,000 24,500 25,100 16,600 81.2 26 Sep 9, 2024 J-GAAP
Apr - Sep, 2024 Results 286,740 25,427 26,144 17,263 84.5 26 Oct 31, 2024 J-GAAP
Revision Rate -2.1% +3.8% +4.2% +4.0% +4.0%

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 336,606 25,189 25,996 16,242 79.5 24 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 346,260 17,573 17,856 11,537 56.4 25 Oct 31, 2024 J-GAAP
YoY +2.9% -30.2% -31.3% -29.0% -29.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 541,579 32,748 34,059 21,167 103.6 32 Apr 28, 2023 J-GAAP
Mar, 2024 598,427 40,934 42,648 27,345 133.8 41 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 633,000 43,000 44,000 28,800 140.9 51 Sep 9, 2024 J-GAAP
YoY +5.8% +5.0% +3.2% +5.3% +5.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 143,039 8,978 9,061 6,034 29.5 6.3 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 141,536 9,187 9,593 8,944 43.8 6.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 195,070 16,002 16,403 7,298 35.7 8.2 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 128,864 10,353 11,053 7,382 36.1 8.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 157,876 15,074 15,091 9,881 48.4 9.5 Oct 31, 2024 J-GAAP
YoY +10.4% +67.9% +66.5% +63.8% +63.7%

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