KOMATSU WALL INDUSTRY CO., LTD., First Half Ordinary Profit Decreases by 24%, July-September Ordinary Profit Decreases by 11%

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Thu Oct 31, 2024 3:00 pm JST Earnings

7949 KOMATSU WALL INDUSTRY CO., LTD. 【J-GAAP】

Earnings Report

KOMATSU WALL INDUSTRY CO., LTD. <7949> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.7% from the same period last year to 1.04 billion yen. The progress rate against the 3.85 billion yen full-year plan was 27.2%, almost the same as the five-year average of 27.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 18.8% from the same period last year, reaching 2.8 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 812 million yen, a 11.5% decrease compared to the same period last year. The operating profit margin worsened from 8.4% in the same period last year to 6.8%.

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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	16,074	282	312	196	10.6	13.2	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	19,691	1,300	1,373	950	51.1	36.8	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	20,117	971	1,048	738	39.6	27.2	Oct 31, 2024	J-GAAP
YoY	+2.2%	-25.3%	-23.7%	-22.3%	-22.6%

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	20,800	1,000	1,020	660	35.4	30	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	20,117	971	1,048	738	39.6	30	Oct 31, 2024	J-GAAP
Revision Rate	-3.3%	-2.9%	+2.7%	+11.8%	+11.8%

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	23,860	2,340	2,359	1,825	98.0	35	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,883	2,829	2,802	2,112	120.4	35	Oct 31, 2024	J-GAAP
YoY	+8.5%	+20.9%	+18.8%	+15.7%	+22.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	37,772	2,306	2,363	1,627	87.6	47.50	Apr 27, 2023	J-GAAP
Mar, 2024	43,551	3,640	3,732	2,775	149.0	62.50	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	46,000	3,800	3,850	2,850	162.4	65	Aug 8, 2024	J-GAAP
YoY	+5.6%	+4.4%	+3.2%	+2.7%	+9.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,783	901	917	614	33.0	8.4	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	11,667	1,305	1,315	900	48.4	11.2	Jan 25, 2024	J-GAAP
Jan - Mar, 2024	12,193	1,035	1,044	925	49.7	8.5	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	9,186	224	236	157	8.4	2.4	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	10,931	747	812	581	31.2	6.8	Oct 31, 2024	J-GAAP
YoY	+1.4%	-17.1%	-11.5%	-5.4%	-5.7%