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KITZ CORPORATION, July-September (3Q) Ordinary Profit Decreases by 4%

Fri Nov 8, 2024 2:30 pm JST Earnings

6498 KITZ CORPORATION 【J-GAAP】

Earnings Report

KITZ CORPORATION <6498> [TSE-P] announced its financial results in the afternoon session on November 8th (14:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 11.4 billion yen, a 0.7% decrease compared to the same period last year. The progress rate against the 14.8 billion yen full-year plan was 77.3%, almost the same as the three-year average of 77.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 14.7% from the same period last year, reaching 3.35 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 4.09 billion yen, a 4.5% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 9.8% in the same period last year to 10.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 118,259 8,525 9,465 6,488 72.4 78.6 Nov 9, 2022 J-GAAP
Jan - Sep, 2023 123,358 10,702 11,528 8,527 95.1 79.8 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 127,295 10,842 11,445 9,014 100.5 77.3 Nov 8, 2024 J-GAAP
YoY +3.2% +1.3% -0.7% +5.7% +5.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 85,667 7,115 7,215 5,106 56.9 23 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 86,203 7,992 7,453 5,180 59.6 22 Aug 2, 2024 J-GAAP
YoY +0.6% +12.3% +3.3% +1.4% +4.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 159,914 11,051 12,045 8,549 95.4 33 Feb 13, 2023 J-GAAP
Dec, 2023 166,941 13,687 14,452 10,591 118.1 41 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 170,000 14,500 14,800 10,600 121.9 41 Feb 13, 2024 J-GAAP
YoY +1.8% +5.9% +2.4% +0.1% +3.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 42,084 4,130 4,291 3,042 33.9 9.8 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 43,583 2,985 2,924 2,064 23.0 6.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 40,211 2,812 3,340 2,507 28.0 7.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 43,586 3,696 4,007 2,913 32.5 8.5 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 43,498 4,334 4,098 3,594 40.1 10.0 Nov 8, 2024 J-GAAP
YoY +3.4% +4.9% -4.5% +18.1% +18.1%

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