KATITAS CO.,LTD, First Half Ordinary Profit Increases by 16%

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Wed Nov 6, 2024 3:30 pm JST Earnings

8919 KATITAS CO.,LTD 【J-GAAP】

Earnings Report

KATITAS CO.,LTD <8919> [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) increased by 16.2% from the same period last year, reaching 6.65 billion yen. However, The progress rate against the 13.7 billion yen full-year plan was 48.6%, also falling below the five-year average of 51.7%.

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 6.9% from the same period last year, reaching 7.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.3% from the same period last year, reaching 3.64 billion yen. The operating profit margin improved from 9.8% in the same period last year to 11.3%.

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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	59,160	7,436	7,355	4,971	64.3	53.2	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	62,054	5,850	5,729	3,991	51.3	46.5	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	64,010	6,820	6,656	4,535	58.1	48.6	Nov 6, 2024	J-GAAP
YoY	+3.2%	+16.6%	+16.2%	+13.6%	+13.1%

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	65,100	6,400	6,300	4,300	55.0	28	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	64,010	6,820	6,656	4,535	58.1	28	Nov 6, 2024	J-GAAP
Revision Rate	-1.7%	+6.6%	+5.7%	+5.5%	+5.6%

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	64,664	6,822	6,592	4,506	57.9	27	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	70,490	7,180	7,044	4,865	62.2	28	Nov 6, 2024	J-GAAP
YoY	+9.0%	+5.2%	+6.9%	+8.0%	+7.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	121,341	14,060	13,833	6,091	78.7	49	May 9, 2023	J-GAAP
Mar, 2024	126,718	12,672	12,321	8,497	109.2	54	May 7, 2024	J-GAAP
Mar, 2025 Guidance	134,500	14,000	13,700	9,400	120.2	56	May 7, 2024	J-GAAP
YoY	+6.1%	+10.5%	+11.2%	+10.6%	+10.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	30,441	2,990	2,931	1,871	24.1	9.8	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	31,615	3,513	3,378	2,314	29.8	11.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	33,049	3,309	3,214	2,192	28.2	10.0	May 7, 2024	J-GAAP
Apr - Jun, 2024	31,195	3,107	3,014	2,049	26.3	10.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	32,815	3,713	3,642	2,486	31.8	11.3	Nov 6, 2024	J-GAAP
YoY	+7.8%	+24.2%	+24.3%	+32.9%	+32.3%