kabutan

KING CO.,Ltd., First Half Ordinary Profit Decreases by 22%, July-September Ordinary Profit Decreases by 18%

Tue Nov 5, 2024 3:30 pm JST Earnings

8118 KING CO.,Ltd. 【J-GAAP】

Earnings Report

KING CO.,Ltd. <8118> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.0% from the same period last year to 384 million yen. The progress rate against the 1.18 billion yen full-year plan was 32.5%, also falling below the five-year average of 43.3%.

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 40.1% from the same period last year, reaching 796 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 127 million yen, a 17.5% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 6.2%.

Kabutan News

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 3,977 436 468 311 18.4 41.5 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 4,071 454 492 328 20.3 46.4 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 3,876 340 384 355 22.2 32.5 Nov 5, 2024 J-GAAP
YoY -4.8% -25.1% -22.0% +8.2% +9.7%

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 ー ー ー ー － 0 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 3,876 340 384 355 22.2 0 Nov 5, 2024 J-GAAP
Revision Rate － － － － －

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 4,477 539 568 205 12.7 18 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,824 780 796 425 26.6 18 Nov 5, 2024 J-GAAP
YoY +7.8% +44.7% +40.1% +107.3% +109.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,422 1,073 1,129 755 45.3 17 May 8, 2023 J-GAAP
Mar, 2024 8,548 993 1,060 533 33.0 18 May 7, 2024 J-GAAP
Mar, 2025 Guidance 8,700 1,120 1,180 780 48.8 18 May 7, 2024 J-GAAP
YoY +1.8% +12.8% +11.3% +46.3% +47.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,125 150 154 103 6.4 7.1 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 2,146 299 327 103 6.4 13.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 2,331 240 241 102 6.3 10.3 May 7, 2024 J-GAAP
Apr - Jun, 2024 1,880 217 257 153 9.6 11.5 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 1,996 123 127 202 12.6 6.2 Nov 5, 2024 J-GAAP
YoY -6.1% -18.0% -17.5% +96.1% +98.7%

Related Articles