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

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 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%

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