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KAGA ELECTRONICS CO.,LTD., First Half Ordinary Profit Decreases by 19%, July-September Ordinary Profit Decreases by 26%

Wed Nov 6, 2024 3:30 pm JST Earnings

8154 KAGA ELECTRONICS CO.,LTD. 【J-GAAP】

Earnings Report

KAGA ELECTRONICS CO.,LTD. <8154> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.1% from the same period last year to 11.2 billion yen. The progress rate against the 26 billion yen full-year plan was 43.4%, also falling below the five-year average of 48.8%.

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 grow by 22.4% from the same period last year, reaching 14.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 5.23 billion yen, a 25.6% decrease compared to the same period last year. The operating profit margin worsened from 5.0% in the same period last year to 4.6%.

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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 298,760 18,361 18,932 13,412 255.4 57.8 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 275,044 13,876 13,945 11,404 217.1 53.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 259,064 11,501 11,278 7,941 151.2 43.4 Nov 6, 2024 J-GAAP
YoY -5.8% -17.1% -19.1% -30.4% -30.4%

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 － 55 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 259,064 11,501 11,278 7,941 151.2 55 Nov 6, 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 267,653 11,969 12,031 8,941 170.2 55 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 295,936 14,499 14,722 10,059 191.4 55 Nov 6, 2024 J-GAAP
YoY +10.6% +21.1% +22.4% +12.5% +12.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 608,064 32,249 32,739 23,070 439.3 110 May 11, 2023 J-GAAP
Mar, 2024 542,697 25,845 25,976 20,345 387.3 110 May 9, 2024 J-GAAP
Mar, 2025 Guidance 555,000 26,000 26,000 18,000 342.5 110 May 23, 2024 J-GAAP
YoY +2.3% +0.6% +0.1% -11.5% -11.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 137,350 6,882 7,036 5,637 107.3 5.0 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 131,414 6,615 6,366 4,588 87.3 5.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 136,239 5,354 5,665 4,353 82.9 3.9 May 9, 2024 J-GAAP
Apr - Jun, 2024 128,638 5,550 6,045 4,127 78.6 4.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 130,426 5,951 5,233 3,814 72.6 4.6 Nov 6, 2024 J-GAAP
YoY -5.0% -13.5% -25.6% -32.3% -32.4%

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