KAPPA CREATE CO.,LTD., First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 29%

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Fri Nov 8, 2024 3:30 pm JST Earnings

7421 KAPPA CREATE CO.,LTD. 【J-GAAP】

Earnings Report

KAPPA CREATE CO.,LTD. <7421> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.4% from the same period last year to 564 million yen. The progress rate against the 1.82 billion yen full-year plan was 30.9%, also falling below the same period of the previous year of 45.3%.

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 34.5% from the same period last year, reaching 1.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 420 million yen, a 29.4% decrease compared to the same period last year. The operating profit margin worsened from 3.3% in the same period last year to 2.3%.

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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	34,820	-726	-728	-1,011	-12.0	ー	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	36,242	746	777	629	12.8	45.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	36,965	539	564	471	9.6	30.9	Nov 8, 2024	J-GAAP
YoY	+2.0%	-27.7%	-27.4%	-25.1%	-25.2%

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	ー	ー	ー	ー	－	－	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	36,965	539	564	471	9.6	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	35,954	947	939	767	15.5	5	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	37,096	1,293	1,263	939	19.0	－	Nov 8, 2024	J-GAAP
YoY	+3.2%	+36.5%	+34.5%	+22.4%	+22.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	70,437	-1,102	-1,102	-3,041	-61.7	0	May 11, 2023	J-GAAP
Mar, 2024	72,196	1,693	1,716	1,396	28.3	5	May 9, 2024	J-GAAP
Mar, 2025 Guidance	74,061	1,832	1,827	1,410	28.6	－	May 9, 2024	J-GAAP
YoY	+2.6%	+8.2%	+6.5%	+1.0%	+1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,680	610	595	521	10.6	3.3	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	17,907	227	240	177	3.6	1.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	18,047	720	699	590	12.0	4.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	17,826	102	144	152	3.1	0.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	19,139	437	420	319	6.5	2.3	Nov 8, 2024	J-GAAP
YoY	+2.5%	-28.4%	-29.4%	-38.8%	-38.8%