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KAWAMOTO CORPORATION, First Half Ordinary Profit Unexpectedly Revised Upward by 56%

Tue Nov 5, 2024 3:20 pm JST Earnings

3604 KAWAMOTO CORPORATION 【J-GAAP】

Earnings Report

KAWAMOTO CORPORATION <3604> [TSE-S] announced its financial results in the afternoon session on November 5th (15:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 339 million yen, an increase of 55.5% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 8.3% decrease.

The progress rate against the 650 million yen full-year plan was 52.2%, also surpassing the five-year average of 43.5%.

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 decrease by 9.9% from the same period last year to 311 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.5% from the same period last year, reaching 211 million yen. The operating profit margin improved from 1.9% in the same period last year to 2.8%.

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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 15,130 278 340 217 37.5 41.3 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 14,604 100 218 178 30.8 38.7 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 16,229 304 339 238 41.2 52.2 Nov 5, 2024 J-GAAP
YoY +11.1% +204.0% +55.5% +33.7% +33.5%

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 15,100 170 200 140 24.2 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 16,229 304 339 238 41.2 0 Nov 5, 2024 J-GAAP
Revision Rate +7.5% +78.8% +69.5% +70.0% +70.4%

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 15,027 310 345 223 38.6 18 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,771 196 311 217 37.4 20 Nov 5, 2024 J-GAAP
YoY -1.7% -36.8% -9.9% -2.7% -2.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 30,403 692 824 747 129.0 16 May 9, 2023 J-GAAP
Mar, 2024 29,631 410 563 401 69.3 18 May 8, 2024 J-GAAP
Mar, 2025 Guidance 31,000 500 650 455 78.5 20 May 8, 2024 J-GAAP
YoY +4.6% +22.0% +15.5% +13.5% +13.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,282 139 202 136 23.6 1.9 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 7,701 220 225 152 26.3 2.9 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 7,326 90 120 71 12.3 1.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 8,009 72 128 57 9.9 0.9 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 8,220 232 211 181 31.3 2.8 Nov 5, 2024 J-GAAP
YoY +12.9% +66.9% +4.5% +33.1% +32.9%

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