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

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 -9.4 3.7 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 45,741 348 694 335 11.0 33.3 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 48,183 623 918 870 29.9 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 12.0 13.75 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 48,183 623 918 870 29.9 13.75 Nov 8, 2024 J-GAAP
Revision Rate -1.7% +24.6% +14.8% +148.6% +148.7%

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 38.7 12.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 55,817 2,477 2,682 2,380 84.6 20 Nov 8, 2024 J-GAAP
YoY +8.9% +101.5% +93.1% +105.2% +118.9%

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 39.8 25 May 12, 2023 J-GAAP
Mar, 2024 96,992 1,577 2,083 1,495 49.8 25 May 15, 2024 J-GAAP
Mar, 2025 Guidance 104,000 3,100 3,600 3,250 115.5 33.75 May 15, 2024 J-GAAP
YoY +7.2% +96.6% +72.8% +117.4% +132.0%

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 5.3 1.4 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 26,194 1,042 1,156 949 31.3 4.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 25,057 187 233 211 7.0 0.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 23,773 182 500 75 2.6 0.8 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 24,410 441 418 795 27.3 1.8 Nov 8, 2024 J-GAAP
YoY +5.4% +32.0% +20.8% +390.7% +412.0%

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