KINDEN CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Highest in Five Terms

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Thu Oct 31, 2024 3:20 pm JST Earnings

1944 KINDEN CORPORATION 【J-GAAP】

Earnings Report

KINDEN CORPORATION <1944> [TSE-P] announced its financial results after the market closed on October 31st (15:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 14.3 billion yen, an increase of 30.6% compared to the same period last year, exceeded the previous forecast of 11 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 6.5%, from the previous forecast of 46 billion yen to 49 billion yen (compared to 45.9 billion yen in the previous period), increasing the growth rate from 0.04% to 6.6%, reaches new record high for the first time in five terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 34.6 billion yen, down 1.0% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.4% from the same period last year, reaching 10.5 billion yen. The operating profit margin improved from 5.2% in the same period last year to 6.6%.

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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	258,108	6,599	8,665	5,487	26.8	21.5	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	270,670	9,135	10,964	7,497	36.8	23.8	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	298,040	12,876	14,316	9,815	48.9	29.2	Oct 31, 2024	J-GAAP
YoY	+10.1%	+41.0%	+30.6%	+30.9%	+32.9%

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	287,000	9,400	11,000	7,500	37.5	40	Apr 24, 2024	J-GAAP
Apr - Sep, 2024 Results	298,040	12,876	14,316	9,815	48.9	40	Oct 31, 2024	J-GAAP
Revision Rate	+3.8%	+37.0%	+30.1%	+30.9%	+30.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	660,000	44,000	46,000	34,000	170.6	80	Apr 24, 2024	J-GAAP
Mar, 2025 New	660,000	47,000	49,000	36,100	181.1	80	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	+6.8%	+6.5%	+6.2%	+6.2%

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	383,846	33,542	35,018	26,056	128.4	43	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	361,960	34,124	34,684	26,285	131.9	40	Oct 31, 2024	J-GAAP
YoY	-5.7%	+1.7%	-1.0%	+0.9%	+2.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	609,132	37,430	40,243	28,722	140.2	40	Apr 26, 2023	J-GAAP
Mar, 2024	654,516	42,677	45,982	33,553	165.3	63	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	660,000	47,000	49,000	36,100	181.1	80	Oct 31, 2024	J-GAAP
YoY	+0.8%	+10.1%	+6.6%	+7.6%	+9.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	157,872	8,266	8,441	6,372	31.3	5.2	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	156,442	11,485	12,365	10,088	49.6	7.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	227,404	22,057	22,653	15,968	78.7	9.7	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	133,244	1,963	3,813	2,237	11.1	1.5	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	164,796	10,913	10,503	7,578	37.8	6.6	Oct 31, 2024	J-GAAP
YoY	+4.4%	+32.0%	+24.4%	+18.9%	+20.7%