Kyodo Printing Co., Ltd., First Half Ordinary Profit Increases by 32%, July-September Ordinary Profit Increases by 21%

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Fri Nov 8, 2024 3:00 pm JST Earnings

7914 Kyodo Printing Co., Ltd. 【J-GAAP】

Earnings Report

Kyodo Printing Co., Ltd. <7914> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 918 million yen, an increase of 32.3% compared to the same period last year. However, The progress rate against the 3.6 billion yen full-year plan was 25.5%, almost the same as the five-year average of 23.9%.

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 expand by 93.1% from the same period last year, reaching 2.68 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 20.8% from the same period last year, reaching 418 million yen. The operating profit margin improved from 1.4% in the same period last year to 1.8%.

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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	44,056	-351	48	-297	-37.4	3.7	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	45,741	348	694	335	44.0	33.3	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	48,183	623	918	870	119.5	25.5	Nov 8, 2024	J-GAAP
YoY	+5.3%	+79.0%	+32.3%	+159.7%	+171.3%

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	49,000	500	800	350	48.1	55	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	48,183	623	918	870	119.5	55	Nov 8, 2024	J-GAAP
Revision Rate	-1.7%	+24.6%	+14.8%	+148.6%	+148.6%

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	51,251	1,229	1,389	1,160	154.6	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	55,817	2,477	2,682	2,380	336.9	80	Nov 8, 2024	J-GAAP
YoY	+8.9%	+101.5%	+93.1%	+105.2%	+117.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	93,363	775	1,289	1,253	159.4	100	May 12, 2023	J-GAAP
Mar, 2024	96,992	1,577	2,083	1,495	199.2	100	May 15, 2024	J-GAAP
Mar, 2025 Guidance	104,000	3,100	3,600	3,250	460.0	135	May 15, 2024	J-GAAP
YoY	+7.2%	+96.6%	+72.8%	+117.4%	+130.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	23,160	334	346	162	21.3	1.4	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	26,194	1,042	1,156	949	125.3	4.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	25,057	187	233	211	28.1	0.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	23,773	182	500	75	10.3	0.8	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	24,410	441	418	795	109.2	1.8	Nov 8, 2024	J-GAAP
YoY	+5.4%	+32.0%	+20.8%	+390.7%	+412.5%