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KNC Laboratories Co., Ltd., First Half Ordinary Profit Decreases by 86%, July-September Ordinary Profit Turns to Loss

Fri Nov 8, 2024 3:30 pm JST Earnings

6568 KNC Laboratories Co., Ltd. 【J-GAAP】

Earnings Report

KNC Laboratories Co., Ltd. <6568> [TSE-G] announced its financial results after the market closed on November 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 86.5% from the same period last year to 86 million yen. The progress rate against the 1.38 billion yen full-year plan was 6.2%, also falling below the five-year average of 24.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 11.3% from the same period last year to 1.29 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 1 million yen (compared to a profit of 227 million yen in the same period last year). The operating profit/loss margin drastically worsened from 14.1% in the same period last year to -0.5%.

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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 2,726 421 444 307 39.9 20.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 3,372 628 635 440 57.2 30.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 3,322 76 86 54 7.1 6.2 Nov 8, 2024 J-GAAP
YoY -1.5% -87.9% -86.5% -87.7% -87.6%

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 13, 2024 J-GAAP
Apr - Sep, 2024 Results 3,322 76 86 54 7.1 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 5,782 1,453 1,459 1,053 136.5 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,678 1,304 1,294 906 117.2 17 Nov 8, 2024 J-GAAP
YoY -1.8% -10.3% -11.3% -14.0% -14.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,628 2,163 2,199 1,542 200.1 28 May 12, 2023 J-GAAP
Mar, 2024 9,154 2,081 2,094 1,493 193.5 30 May 13, 2024 J-GAAP
Mar, 2025 Guidance 9,000 1,380 1,380 960 124.2 33 May 13, 2024 J-GAAP
YoY -1.7% -33.7% -34.1% -35.7% -35.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,593 224 227 154 20.0 14.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,812 222 229 155 20.1 12.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,970 1,231 1,230 898 116.4 31.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,405 85 87 56 7.3 6.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,917 -9 -1 -2 -0.3 -0.5 Nov 8, 2024 J-GAAP
YoY +20.3% － － － －

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