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KYORITSU CO.,LTD., First Half Ordinary Profit Decreases by 18%, July-September Ordinary Profit Decreases by 4%

Thu Oct 31, 2024 3:00 pm JST Earnings

7795 KYORITSU CO.,LTD. 【J-GAAP】

Earnings Report

KYORITSU CO.,LTD. <7795> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.2% from the same period last year to 509 million yen. The progress rate against the 1.6 billion yen full-year plan was 31.8%, also falling below the five-year average of 40.9%.

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 21.5% from the same period last year, reaching 1.09 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 241 million yen, a 4.4% decrease compared to the same period last year. The operating profit margin worsened from 3.3% in the same period last year to 3.0%.

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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 18,935 600 553 325 7.3 45.3 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 18,630 675 622 342 7.8 40.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 18,144 556 509 275 6.3 31.8 Oct 31, 2024 J-GAAP
YoY -2.6% -17.6% -18.2% -19.6% -19.9%

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 18,540 630 570 340 7.8 3.50 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 18,144 556 509 275 6.3 3.50 Oct 31, 2024 J-GAAP
Revision Rate -2.1% -11.7% -10.7% -19.1% -19.3%

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 21,392 969 898 565 12.9 4 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,156 1,144 1,091 725 16.6 3.50 Oct 31, 2024 J-GAAP
YoY +3.6% +18.1% +21.5% +28.3% +28.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 40,263 1,330 1,222 456 10.4 6 May 15, 2023 J-GAAP
Mar, 2024 40,022 1,644 1,520 907 20.7 7 May 15, 2024 J-GAAP
Mar, 2025 Guidance 40,300 1,700 1,600 1,000 22.9 7 May 15, 2024 J-GAAP
YoY +0.7% +3.4% +5.3% +10.3% +10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,875 293 252 102 2.3 3.3 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 10,829 539 516 326 7.5 5.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 10,563 430 382 239 5.5 4.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,010 282 268 165 3.8 3.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 9,134 274 241 110 2.5 3.0 Oct 31, 2024 J-GAAP
YoY +2.9% -6.5% -4.4% +7.8% +7.3%

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