KIMURA CO.,LTD., First Half Ordinary Profit Decreases by 15%, July-September Ordinary Profit Decreases by 4%

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Fri Nov 1, 2024 3:00 pm JST Earnings

7461 KIMURA CO.,LTD. 【J-GAAP】

Earnings Report

KIMURA CO.,LTD. <7461> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.6% from the same period last year to 1.14 billion yen. The progress rate against the 2.03 billion yen full-year plan was 56.2%, below the five-year average of 66.7%.

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 expand by 37.3% from the same period last year, reaching 890 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 621 million yen, a 3.9% decrease compared to the same period last year. The operating profit margin worsened from 6.5% in the same period last year to 6.1%.

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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	18,217	1,315	1,392	717	48.4	59.1	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	17,885	1,270	1,335	696	47.0	67.3	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	18,094	1,073	1,140	584	39.4	56.2	Nov 1, 2024	J-GAAP
YoY	+1.2%	-15.5%	-14.6%	-16.1%	-16.1%

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	17,800	740	770	390	26.3	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	18,094	1,073	1,140	584	39.4	0	Nov 1, 2024	J-GAAP
Revision Rate	+1.7%	+45.0%	+48.1%	+49.7%	+49.9%

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	16,108	544	648	335	22.6	14	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,906	777	890	506	34.1	14	Nov 1, 2024	J-GAAP
YoY	+5.0%	+42.8%	+37.3%	+51.0%	+51.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	35,143	2,194	2,356	1,297	87.5	14	May 12, 2023	J-GAAP
Mar, 2024	33,993	1,814	1,983	1,031	69.6	14	May 13, 2024	J-GAAP
Mar, 2025 Guidance	35,000	1,850	2,030	1,090	73.5	14	May 13, 2024	J-GAAP
YoY	+3.0%	+2.0%	+2.4%	+5.7%	+5.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,448	611	646	335	22.6	6.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	9,121	584	644	345	23.3	6.4	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	6,987	-40	4	-10	-0.7	-0.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	8,396	486	519	258	17.4	5.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	9,698	587	621	326	22.0	6.1	Nov 1, 2024	J-GAAP
YoY	+2.6%	-3.9%	-3.9%	-2.7%	-2.7%