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

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%

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