KYCOM HOLDINGS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Adds to Record High Profit Forecast

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Thu Nov 7, 2024 3:00 pm JST Earnings

9685 KYCOM HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

KYCOM HOLDINGS CO.,LTD. <9685> [TSE-S] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 3.8% from the same period last year, reaching 247 million yen, resulting in an increase in profits compared to the previous forecast of a 16.0% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 1.7%, from the previous forecast of 590 million yen to 600 million yen (compared to 575 million yen in the previous period), increasing the growth rate from 2.6% to 4.3%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 4.7% from the same period last year, reaching 353 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.9% from the same period last year, reaching 155 million yen. However, the operating profit margin remained almost flat, changing from 9.3% in the same period last year to 9.0%.

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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	2,731	203	216	137	27.1	40.4	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	2,965	226	238	170	33.6	41.4	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	3,224	228	247	185	36.6	41.2	Nov 7, 2024	J-GAAP
YoY	+8.7%	+0.9%	+3.8%	+8.8%	+8.9%

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	3,160	180	200	120	23.6	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	3,224	228	247	185	36.6	0	Nov 7, 2024	J-GAAP
Revision Rate	+2.0%	+26.7%	+23.5%	+54.2%	+54.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	6,480	540	590	390	76.8	10	May 13, 2024	J-GAAP
Mar, 2025 New	6,590	550	600	420	82.7	10	Nov 7, 2024	J-GAAP
Revision Rate	+1.7%	+1.9%	+1.7%	+7.7%	+7.7%

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	3,126	313	337	249	49.1	5	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,366	322	353	235	46.3	10	Nov 7, 2024	J-GAAP
YoY	+7.7%	+2.9%	+4.7%	-5.6%	-5.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,700	496	535	360	71.0	5	May 12, 2023	J-GAAP
Mar, 2024	6,091	539	575	419	82.6	5	May 13, 2024	J-GAAP
Mar, 2025 Guidance	6,590	550	600	420	82.7	10	Nov 7, 2024	J-GAAP
YoY	+8.2%	+2.0%	+4.3%	+0.2%	+0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,528	142	145	93	18.4	9.3	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	1,539	160	176	115	22.7	10.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	1,587	153	161	134	26.4	9.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,550	77	92	53	10.6	5.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	1,674	151	155	132	26.1	9.0	Nov 7, 2024	J-GAAP
YoY	+9.6%	+6.3%	+6.9%	+41.9%	+42.1%