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

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%

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