KOKEN LTD., July-September (3Q) Ordinary Profit Increases by 2.1 times

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Fri Nov 8, 2024 3:00 pm JST Earnings

7963 KOKEN LTD. 【J-GAAP】

Earnings Report

KOKEN LTD. <7963> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 22.5% from the same period last year to 473 million yen. The progress rate against the 1 billion yen full-year plan was 47.3%, also falling below the five-year average of 66.2%.

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 expand by 42.8% from the same period last year, reaching 527 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 115 million yen. The operating profit margin improved from 3.1% in the same period last year to 5.3%.

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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	7,366	740	730	522	105.2	62.9	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	7,393	631	610	444	90.0	62.3	Nov 6, 2023	J-GAAP
Jan - Sep, 2024	7,022	460	473	309	62.6	47.3	Nov 8, 2024	J-GAAP
YoY	-5.0%	-27.1%	-22.5%	-30.4%	-30.4%

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	5,348	442	424	303	61.3	35	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	6,007	668	642	462	93.4	35	Aug 6, 2024	J-GAAP
YoY	+12.3%	+51.1%	+51.4%	+52.5%	+52.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	10,604	1,184	1,160	833	167.9	45	Feb 10, 2023	J-GAAP
Dec, 2023	10,587	1,007	979	701	141.9	35	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	10,800	1,010	1,000	700	141.6	35	Feb 9, 2024	J-GAAP
YoY	+2.0%	+0.3%	+2.1%	-0.1%	-0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,154	66	55	46	9.3	3.1	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	3,194	376	369	257	52.0	11.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,426	219	250	156	31.7	9.0	May 8, 2024	J-GAAP
Apr - Jun, 2024	2,367	123	108	82	16.6	5.2	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	2,229	118	115	71	14.4	5.3	Nov 8, 2024	J-GAAP
YoY	+3.5%	+78.8%	+109.1%	+54.3%	+54.2%