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

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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%