KYOWA ELECTRONIC INSTRUMENTS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 30%

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Tue Nov 5, 2024 3:30 pm JST Earnings

6853 KYOWA ELECTRONIC INSTRUMENTS CO.,LTD. 【J-GAAP】

Earnings Report

KYOWA ELECTRONIC INSTRUMENTS CO.,LTD. <6853> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 29.6% from the same period last year, reaching 942 million yen. The progress rate against the 1.25 billion yen full-year plan was 75.4%, also surpassing the five-year average of 58.0%.

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 drop by 30.3% from the same period last year to 308 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 157 million yen, a 10.3% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 5.1%.

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	9,684	387	507	356	12.9	67.3	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	9,932	653	727	575	21.1	62.2	Nov 6, 2023	J-GAAP
Jan - Sep, 2024	11,129	882	942	655	24.1	75.4	Nov 5, 2024	J-GAAP
YoY	+12.1%	+35.1%	+29.6%	+13.9%	+14.3%

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	7,948	620	617	439	16.1	16.50	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	8,132	499	465	333	12.2	8.50	Jul 29, 2024	J-GAAP
YoY	+2.3%	-19.5%	-24.6%	-24.1%	-24.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	13,823	646	753	576	20.9	13	Feb 10, 2023	J-GAAP
Dec, 2023	14,901	1,107	1,169	898	32.9	16.50	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	15,700	1,200	1,250	900	33.0	16.50	Feb 9, 2024	J-GAAP
YoY	+5.4%	+8.4%	+6.9%	+0.2%	+0.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,979	166	175	116	4.3	5.6	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	4,969	454	442	323	11.8	9.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,387	652	671	468	17.2	14.9	May 7, 2024	J-GAAP
Apr - Jun, 2024	3,181	49	114	99	3.6	1.5	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	3,561	181	157	88	3.2	5.1	Nov 5, 2024	J-GAAP
YoY	+19.5%	+9.0%	-10.3%	-24.1%	-23.8%