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Kyokuto Boeki Kaisha, Limited, First Half Ordinary Profit Increases by 56%, July-September Ordinary Profit Increases by 80%

Fri Nov 8, 2024 3:30 pm JST Earnings

8093 Kyokuto Boeki Kaisha, Limited 【J-GAAP】

Earnings Report

Kyokuto Boeki Kaisha, Limited <8093> [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 1.02 billion yen, an increase of 56.4% compared to the same period last year. The progress rate against the 1.5 billion yen full-year plan was 68.0%, also surpassing the five-year average of 36.5%.

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 42.5% from the same period last year to 480 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 79.9% from the same period last year, reaching 628 million yen. The operating profit margin significantly improved from 1.9% in the same period last year to 5.4%.

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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 19,694 196 607 405 32.9 39.9 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 20,163 339 652 465 37.8 43.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 21,277 796 1,020 767 62.3 68.0 Nov 8, 2024 J-GAAP
YoY +5.5% +134.8% +56.4% +64.9% +64.7%

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 － 35 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 21,277 796 1,020 767 62.3 35 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 23,497 773 835 691 56.1 56 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,223 404 480 433 35.3 35 Nov 8, 2024 J-GAAP
YoY +3.1% -47.7% -42.5% -37.3% -37.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,657 1,000 1,523 1,017 82.6 81.50 May 11, 2023 J-GAAP
Mar, 2024 43,660 1,112 1,487 1,156 93.9 93.50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 45,500 1,200 1,500 1,200 97.7 70 May 9, 2024 J-GAAP
YoY +4.2% +7.9% +0.9% +3.8% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,104 190 349 293 23.8 1.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 10,773 244 281 223 18.1 2.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 12,724 529 554 468 38.0 4.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 10,488 214 392 130 10.6 2.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,789 582 628 637 51.7 5.4 Nov 8, 2024 J-GAAP
YoY +6.8% +206.3% +79.9% +117.4% +117.1%

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