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KANSAI PAINT CO.,LTD., First Half Ordinary Profit Decreases by 19%, July-September Ordinary Profit Decreases by 60%

Fri Nov 8, 2024 3:30 pm JST Earnings

4613 KANSAI PAINT CO.,LTD. 【J-GAAP】

Earnings Report

KANSAI PAINT CO.,LTD. <4613> [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 19.0% from the same period last year to 25.9 billion yen. The progress rate against the 60 billion yen full-year plan was 43.3%, also falling below the five-year average of 49.0%.

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 32.8% from the same period last year, reaching 34 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 6.07 billion yen, a 59.8% decrease compared to the same period last year. The operating profit margin worsened from 9.9% in the same period last year to 7.5%.

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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 250,700 15,762 21,041 12,371 49.8 52.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 274,005 25,734 32,084 46,452 204.3 55.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 294,057 26,336 25,996 15,685 78.7 43.3 Nov 8, 2024 J-GAAP
YoY +7.3% +2.3% -19.0% -66.2% -61.5%

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 － 22 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 294,057 26,336 25,996 15,685 78.7 22 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 288,272 25,861 25,601 20,657 92.1 22 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 315,943 29,664 34,004 24,315 138.0 22 Nov 8, 2024 J-GAAP
YoY +9.6% +14.7% +32.8% +17.7% +49.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 509,070 32,077 40,216 25,195 104.6 30 May 11, 2023 J-GAAP
Mar, 2024 562,277 51,595 57,685 67,109 299.2 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 610,000 56,000 60,000 40,000 227.0 44 May 10, 2024 J-GAAP
YoY +8.5% +8.5% +4.0% -40.4% -24.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 137,569 13,629 15,119 8,843 38.9 9.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 148,289 15,656 12,105 7,491 33.0 10.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 139,983 10,205 13,496 13,166 58.7 7.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 145,397 15,114 19,924 11,873 57.5 10.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 148,660 11,222 6,072 3,812 19.1 7.5 Nov 8, 2024 J-GAAP
YoY +8.1% -17.7% -59.8% -56.9% -50.8%

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