Kyowa Kirin Co., Ltd., July-September (3Q) Net Income Decreases by 43%

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Thu Oct 31, 2024 3:30 pm JST Earnings

4151 Kyowa Kirin Co., Ltd. 【IFRS】

Earnings Report

Kyowa Kirin Co., Ltd. <4151> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 31st (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 4.4% from the same period last year, reaching 55.9 billion yen. The progress rate against the 68 billion yen full-year plan was 82.2%, also surpassing the five-year average of 76.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to significant drop by 56.2% from the same period last year to 12 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income dropped to 18.1 billion yen, a 43.2% decrease compared to the same period last year.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	283,775	ー	60,404	49,212	91.6	89.4	Nov 4, 2022	IFRS
Jan - Sep, 2023	306,053	ー	64,339	53,554	99.6	66.2	Nov 1, 2023	IFRS
Jan - Sep, 2024	362,798	ー	71,573	55,901	105.2	77.8	Oct 31, 2024	IFRS
YoY	+18.5%	－	+11.2%	+4.4%	+5.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	243,024	ー	71,200	59,542	110.8	29	Feb 7, 2024	IFRS
Jul - Dec, 2024 Guidance	259,026	ー	45,478	30,223	57.8	29	Aug 1, 2024	IFRS
YoY	+6.6%	－	-36.1%	-49.2%	-47.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	398,371	ー	67,572	53,573	99.7	51	Feb 7, 2023	IFRS
Dec, 2023	442,233	ー	97,246	81,188	151.0	56	Feb 7, 2024	IFRS
Dec, 2024 Guidance	492,000	ー	92,000	68,000	129.9	58	Aug 1, 2024	IFRS
YoY	+11.3%	－	-5.4%	-16.2%	-14.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	106,844	ー	38,293	31,908	59.4	0.0	Nov 1, 2023	IFRS
Oct - Dec, 2023	136,180	ー	32,907	27,634	51.4	0.0	Feb 7, 2024	IFRS
Jan - Mar, 2024	105,569	ー	18,101	14,632	27.3	0.0	May 7, 2024	IFRS
Apr - Jun, 2024	127,405	ー	28,421	23,145	43.4	0.0	Aug 1, 2024	IFRS
Jul - Sep, 2024	129,824	ー	25,051	18,124	34.1	0.0	Oct 31, 2024	IFRS
YoY	+21.5%	－	-34.6%	-43.2%	-42.5%