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KANTO DENKA KOGYO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 8%

Fri Nov 8, 2024 3:30 pm JST Earnings

4047 KANTO DENKA KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

KANTO DENKA KOGYO CO.,LTD. <4047> [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) surged by 18 times that of the same period last year, reaching 2.41 billion yen, exceeded the previous forecast of 2 billion yen.

However, the full-year consolidated ordinary profit has downwardly by 8.3%, from the previous forecast of 4.8 billion yen to 4.4 billion yen (compared to a loss of 1.3 billion yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 1.98 billion yen (compared to a loss of 1.44 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 494 million yen, a 50.4% decrease compared to the same period last year. The operating profit margin worsened from 5.3% in the same period last year to 2.9%.

Kabutan News

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 37,307 6,581 7,346 5,192 90.4 53.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 34,840 -428 137 257 4.5 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 31,265 1,721 2,412 1,432 24.9 54.8 Nov 8, 2024 J-GAAP
YoY -10.3% － +1,660.6% +457.2% +456.5%

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 31,100 1,900 2,000 950 16.5 8 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 31,265 1,721 2,412 1,432 24.9 8 Nov 8, 2024 J-GAAP
Revision Rate +0.5% -9.4% +20.6% +50.7% +50.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 69,000 4,900 4,800 2,900 50.5 16 May 15, 2024 J-GAAP
Mar, 2025 New 63,400 3,800 4,400 2,850 49.6 16 Nov 8, 2024 J-GAAP
Revision Rate -8.1% -22.4% -8.3% -1.7% -1.7%

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 29,928 -1,540 -1,441 -4,867 -84.7 7 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,135 2,079 1,988 1,418 24.7 8 Nov 8, 2024 J-GAAP
YoY +7.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 78,675 12,947 13,679 9,382 163.3 33 May 15, 2023 J-GAAP
Mar, 2024 64,768 -1,968 -1,304 -4,610 -80.3 14 May 15, 2024 J-GAAP
Mar, 2025 Guidance 63,400 3,800 4,400 2,850 49.6 16 Nov 8, 2024 J-GAAP
YoY -2.1% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,539 983 996 567 9.9 5.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 14,211 -183 -113 -31 -0.5 -1.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 15,717 -1,357 -1,328 -4,836 -84.2 -8.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 15,445 1,266 1,918 1,165 20.3 8.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 15,820 455 494 267 4.7 2.9 Nov 8, 2024 J-GAAP
YoY -14.7% -53.7% -50.4% -52.9% -52.9%

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