KYORITSU MAINTENANCE CO.,LTD., First Half Ordinary Profit Increases by 37%, July-September Ordinary Profit Increases by 31%

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Fri Nov 8, 2024 3:30 pm JST Earnings

9616 KYORITSU MAINTENANCE CO.,LTD. 【J-GAAP】

Earnings Report

KYORITSU MAINTENANCE CO.,LTD. <9616> [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) expanded to 11.2 billion yen, an increase of 36.6% compared to the same period last year. The progress rate against the 19 billion yen full-year plan was 59.0%, also surpassing the five-year average of 54.6%.

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 drop by 39.7% from the same period last year to 7.78 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 31.1% from the same period last year, reaching 7.09 billion yen. The operating profit margin rose from 10.6% in the same period last year to 11.5%.

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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	83,093	3,945	3,780	2,292	29.4	53.1	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	98,662	8,396	8,212	4,704	60.3	38.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	111,352	10,618	11,215	7,726	99.0	59.0	Nov 8, 2024	J-GAAP
YoY	+12.9%	+26.5%	+36.6%	+64.2%	+64.2%

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	－	16	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	111,352	10,618	11,215	7,726	99.0	16	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	105,464	8,312	12,904	7,710	98.8	16.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	114,648	7,882	7,785	4,774	61.2	16	Nov 8, 2024	J-GAAP
YoY	+8.7%	-5.2%	-39.7%	-38.1%	-38.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	175,630	7,326	7,115	4,241	54.4	11	May 15, 2023	J-GAAP
Mar, 2024	204,126	16,708	21,116	12,414	159.1	24.50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	226,000	18,500	19,000	12,500	160.1	32	May 15, 2024	J-GAAP
YoY	+10.7%	+10.7%	-10.0%	+0.7%	+0.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	51,963	5,484	5,414	2,955	37.9	10.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	52,434	5,187	5,108	3,226	41.4	9.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	53,030	3,125	7,796	4,484	57.5	5.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	52,080	3,821	4,117	2,695	34.6	7.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	59,272	6,797	7,098	5,031	64.5	11.5	Nov 8, 2024	J-GAAP
YoY	+14.1%	+23.9%	+31.1%	+70.3%	+70.2%