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

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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%