KH Neochem Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 6%

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Tue Nov 5, 2024 3:00 pm JST Earnings

4189 KH Neochem Co.,Ltd. 【J-GAAP】

Earnings Report

KH Neochem Co.,Ltd. <4189> [TSE-P] announced its financial results in the afternoon session on November 5th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 5.9% from the same period last year, reaching 7.18 billion yen. However, The progress rate against the 11.9 billion yen full-year plan was 60.4%, also falling below the five-year average of 71.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 60.4% from the same period last year, reaching 4.71 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 9.7% from the same period last year, reaching 2.5 billion yen. However, the operating profit margin worsened from 8.5% in the same period last year to 8.1%.

Kabutan News

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	82,878	9,080	9,438	5,611	151.3	74.3	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	85,478	6,853	6,783	4,666	125.9	69.7	Nov 2, 2023	J-GAAP
Jan - Sep, 2024	86,782	7,320	7,182	4,922	132.9	60.4	Nov 5, 2024	J-GAAP
YoY	+1.5%	+6.8%	+5.9%	+5.5%	+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	57,403	5,454	5,224	3,747	101.1	45	Feb 6, 2024	J-GAAP
Jul - Dec, 2024 Guidance	65,179	6,984	7,222	5,090	137.5	45	Aug 2, 2024	J-GAAP
YoY	+13.5%	+28.1%	+38.2%	+35.8%	+36.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	114,880	12,456	12,709	8,073	217.7	85	Feb 7, 2023	J-GAAP
Dec, 2023	115,217	9,946	9,725	6,826	184.2	90	Feb 6, 2024	J-GAAP
Dec, 2024 Guidance	121,100	11,800	11,900	8,400	227.0	90	Feb 6, 2024	J-GAAP
YoY	+5.1%	+18.6%	+22.4%	+23.1%	+23.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27,664	2,361	2,282	1,587	42.8	8.5	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	29,739	3,093	2,942	2,160	58.3	10.4	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	26,973	2,492	2,489	1,764	47.6	9.2	May 8, 2024	J-GAAP
Apr - Jun, 2024	28,948	2,324	2,189	1,546	41.7	8.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	30,861	2,504	2,504	1,612	43.5	8.1	Nov 5, 2024	J-GAAP
YoY	+11.6%	+6.1%	+9.7%	+1.6%	+1.6%