KUBOTEK CORPORATION, First Half Ordinary Profit Turns to Profit, Exceeds Expectations, Exceeds Full-Year Plan

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Fri Nov 1, 2024 3:40 pm JST Earnings

7709 KUBOTEK CORPORATION 【J-GAAP】

Earnings Report

KUBOTEK CORPORATION <7709> [TSE-S] announced its financial results after the market closed on November 1st (15:40). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 159 million yen (compared to a loss of 151 million yen in the same period last year), reversing from the forecast of a loss of 195 million yen to a profit.

This has already exceeded the planned deficit of loss of 165 million yen for the .

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to expand to a loss of 324 million yen (compared to a loss of 68 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 124 million yen (compared to a loss of 74 million yen in the same period last year). The operating profit/loss margin drastically improved from -28.5% in the same period last year to 17.8%.

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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	574	-107	-86	-92	-6.8	ー	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	451	-148	-151	-156	-11.4	ー	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	1,213	158	159	155	11.3	ー	Nov 1, 2024	J-GAAP
YoY	+169.0%	－	－	－	－

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	640	-190	-195	-200	-14.5	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,213	158	159	155	11.3	0	Nov 1, 2024	J-GAAP
Revision Rate	+89.5%	－	－	－	－

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	855	-68	-68	-117	-8.5	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	387	-318	-324	-340	-24.7	0	Nov 1, 2024	J-GAAP
YoY	-54.7%	-367.6%	-376.5%	-190.6%	-190.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,217	-194	-179	-204	-14.9	0	May 15, 2023	J-GAAP
Mar, 2024	1,306	-216	-219	-273	-19.8	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	1,600	-160	-165	-185	-13.4	0	May 15, 2024	J-GAAP
YoY	+22.5%	+25.9%	+24.7%	+32.2%	+32.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	249	-71	-74	-76	-5.6	-28.5	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	195	-84	-84	-85	-6.2	-43.1	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	660	16	16	-32	-2.3	2.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	535	37	35	34	2.5	6.9	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	678	121	124	121	8.8	17.8	Nov 1, 2024	J-GAAP
YoY	+172.3%	－	－	－	－