KYOTO TOOL CO.,LTD., First Half Ordinary Profit Increases by 6%, July-September Ordinary Profit Increases by 81%

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Fri Nov 8, 2024 2:00 pm JST Earnings

5966 KYOTO TOOL CO.,LTD. 【J-GAAP】

Earnings Report

KYOTO TOOL CO.,LTD. <5966> [TSE-S] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.3% from the same period last year, reaching 389 million yen. However, The progress rate against the 1.01 billion yen full-year plan was 38.5%, also falling below the five-year average of 45.5%.

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 3.8% from the same period last year, reaching 621 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 80.9% from the same period last year, reaching 275 million yen. The operating profit margin significantly improved from 8.4% in the same period last year to 12.2%.

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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	3,808	368	381	262	107.8	46.1	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	3,784	340	366	240	98.7	38.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	4,032	343	389	256	105.2	38.5	Nov 8, 2024	J-GAAP
YoY	+6.6%	+0.9%	+6.3%	+6.7%	+6.5%

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	4,300	370	385	270	111.7	40	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	4,032	343	389	256	105.2	40	Nov 8, 2024	J-GAAP
Revision Rate	-6.2%	-7.3%	+1.0%	-5.2%	-5.9%

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	4,644	570	598	405	166.0	50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,768	637	621	444	183.7	40	Nov 8, 2024	J-GAAP
YoY	+24.2%	+11.8%	+3.8%	+9.6%	+10.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,396	793	826	593	243.9	70	May 12, 2023	J-GAAP
Mar, 2024	8,428	910	964	645	264.4	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	9,800	980	1,010	700	289.6	80	May 10, 2024	J-GAAP
YoY	+16.3%	+7.7%	+4.8%	+8.5%	+9.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,779	149	152	98	40.3	8.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	1,951	123	147	115	47.1	6.3	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	2,693	447	451	290	118.9	16.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,941	87	114	79	32.7	4.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	2,091	256	275	177	72.7	12.2	Nov 8, 2024	J-GAAP
YoY	+17.5%	+71.8%	+80.9%	+80.6%	+80.4%