KANEMATSU ENGINEERING CO.,LTD., First Half Ordinary Profit Increases by 48%, July-September Ordinary Profit Increases by 64%

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Wed Nov 6, 2024 3:40 pm JST Earnings

6402 KANEMATSU ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

KANEMATSU ENGINEERING CO.,LTD. <6402> [TSE-S] announced its financial results after the market closed on November 6th (15:40). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 601 million yen, an increase of 47.7% compared to the same period last year. The progress rate against the 850 million yen full-year plan was 70.7%, also surpassing the five-year average of 59.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 41.0% from the same period last year to 249 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 64.4% from the same period last year, reaching 370 million yen. The operating profit margin improved from 7.4% in the same period last year to 9.8%.

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	5,751	431	444	305	63.4	60.7	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	5,840	396	407	279	57.2	49.1	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	7,035	588	601	416	85.2	70.7	Nov 6, 2024	J-GAAP
YoY	+20.5%	+48.5%	+47.7%	+49.1%	+49.1%

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	7,000	580	590	413	84.5	0	Sep 19, 2024	J-GAAP
Apr - Sep, 2024 Results	7,035	588	601	416	85.2	0	Nov 6, 2024	J-GAAP
Revision Rate	+0.5%	+1.4%	+1.9%	+0.7%	+0.9%

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	6,563	412	422	339	69.6	44	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,465	242	249	174	35.6	40	Nov 6, 2024	J-GAAP
YoY	-16.7%	-41.3%	-41.0%	-48.7%	-48.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,335	709	732	754	156.2	55	May 12, 2023	J-GAAP
Mar, 2024	12,403	808	829	618	126.8	44	May 13, 2024	J-GAAP
Mar, 2025 Guidance	12,500	830	850	590	120.7	40	May 13, 2024	J-GAAP
YoY	+0.8%	+2.7%	+2.5%	-4.5%	-4.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,982	220	225	155	31.8	7.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	3,189	155	159	109	22.4	4.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,374	257	263	230	47.2	7.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,296	222	231	159	32.6	6.7	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	3,739	366	370	257	52.7	9.8	Nov 6, 2024	J-GAAP
YoY	+25.4%	+66.4%	+64.4%	+65.8%	+65.8%