The Kodensha,Co.,Ltd., First Half Ordinary Profit Increases by 7.1 times

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Thu Oct 31, 2024 2:30 pm JST Earnings

1948 The Kodensha,Co.,Ltd. 【J-GAAP】

Earnings Report

The Kodensha,Co.,Ltd. <1948> [TSE-S] announced its financial results in the afternoon session on October 31st (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 7.1 times that of the same period last year, reaching 871 million yen, exceeded the previous forecast of 660 million yen.

The progress rate against the 1.85 billion yen full-year plan was 47.1%, exceeding the five-year average of 19.5%.

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 16.3% from the same period last year to 979 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 71.4% from the same period last year, reaching 701 million yen. The operating profit margin significantly improved from 4.3% in the same period last year to 7.3%.

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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	14,622	-285	-217	-169	-19.1	ー	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	15,562	57	123	88	10.0	9.5	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	17,304	855	871	501	56.6	47.1	Oct 31, 2024	J-GAAP
YoY	+11.2%	+1,400.0%	+608.1%	+469.3%	+465.3%

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	17,100	620	660	420	47.5	33	Sep 17, 2024	J-GAAP
Apr - Sep, 2024 Results	17,304	855	871	501	56.6	33	Oct 31, 2024	J-GAAP
Revision Rate	+1.2%	+37.9%	+32.0%	+19.3%	+19.4%

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	19,306	1,099	1,169	811	91.6	54	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,296	885	979	889	100.4	33	Oct 31, 2024	J-GAAP
YoY	+10.3%	-19.5%	-16.3%	+9.6%	+9.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	33,557	682	856	556	62.8	44	May 10, 2023	J-GAAP
Mar, 2024	34,868	1,156	1,292	899	101.5	54	May 9, 2024	J-GAAP
Mar, 2025 Guidance	38,600	1,740	1,850	1,390	157.1	66	Sep 17, 2024	J-GAAP
YoY	+10.7%	+50.5%	+43.2%	+54.6%	+54.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,819	376	409	300	34.2	4.3	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	8,801	-34	4	-75	-8.8	-0.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	10,505	1,133	1,165	886	100.0	10.8	May 9, 2024	J-GAAP
Apr - Jun, 2024	7,662	153	170	44	5.0	2.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	9,642	702	701	457	51.7	7.3	Oct 31, 2024	J-GAAP
YoY	+9.3%	+86.7%	+71.4%	+52.3%	+51.3%