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KAMEI CORPORATION, First Half Ordinary Profit Decreases by 6%

Thu Nov 7, 2024 3:30 pm JST Earnings

8037 KAMEI CORPORATION 【J-GAAP】

Earnings Report

KAMEI CORPORATION <8037> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.3% from the same period last year to 7.28 billion yen. The progress rate against the 16 billion yen full-year plan was 45.5%, which was higher than the five-year average of 39.4%.

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 decrease by 6.0% from the same period last year to 8.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 3.47 billion yen, a 2.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.6% in the same period last year to 2.5%.

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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 245,495 6,771 7,504 4,870 144.9 45.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 262,013 7,223 7,781 4,765 141.8 45.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 256,805 6,389 7,287 4,374 131.8 45.5 Nov 7, 2024 J-GAAP
YoY -2.0% -11.5% -6.3% -8.2% -7.1%

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 254,000 6,000 6,700 4,000 122.0 28 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 256,805 6,389 7,287 4,374 131.8 28 Nov 7, 2024 J-GAAP
Revision Rate +1.1% +6.5% +8.8% +9.4% +8.0%

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 310,220 8,448 9,272 5,346 159.1 26 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 312,195 8,311 8,713 5,126 167.5 28 Nov 7, 2024 J-GAAP
YoY +0.6% -1.6% -6.0% -4.1% +5.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 551,245 15,619 16,668 8,562 254.8 40.50 May 11, 2023 J-GAAP
Mar, 2024 572,233 15,671 17,053 10,111 300.9 48 May 13, 2024 J-GAAP
Mar, 2025 Guidance 569,000 14,700 16,000 9,500 310.5 56 May 13, 2024 J-GAAP
YoY -0.6% -6.2% -6.2% -6.0% +3.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 129,392 3,345 3,576 2,069 61.6 2.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 149,674 3,549 4,012 2,110 62.8 2.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 160,546 4,899 5,260 3,236 96.3 3.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 130,225 3,263 3,810 2,235 66.6 2.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 126,580 3,126 3,477 2,139 64.4 2.5 Nov 7, 2024 J-GAAP
YoY -2.2% -6.5% -2.8% +3.4% +4.6%

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