KATO WORKS CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 7%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Nov 8, 2024 3:30 pm JST Earnings

6390 KATO WORKS CO., LTD. 【J-GAAP】

Earnings Report

KATO WORKS CO., LTD. <6390> [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 16.5% from the same period last year to 1.34 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 6.7%, from the previous forecast of 1.5 billion yen to 1.6 billion yen (compared to 2.57 billion yen in the previous period), and the declining rate is expected to decrease from 41.7% to 37.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 73.2% from the same period last year to 260 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.2% from the same period last year, reaching 902 million yen. The operating profit margin improved from 3.7% in the same period last year to 5.9%.

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	26,171	301	999	953	81.3	53.6	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	29,568	800	1,604	2,521	215.2	62.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	26,483	845	1,340	-4,988	-425.6	83.8	Nov 8, 2024	J-GAAP
YoY	-10.4%	+5.6%	-16.5%	－	－

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	－	35	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	26,483	845	1,340	-4,988	-425.6	35	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	70,000	2,100	1,500	-5,400	-460.3	70	Aug 9, 2024	J-GAAP
Mar, 2025 New	61,500	1,500	1,600	-4,200	-358.0	70	Nov 8, 2024	J-GAAP
Revision Rate	-12.1%	-28.6%	+6.7%	+22.2%	+22.2%

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	27,930	854	971	1,714	146.3	45	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	35,017	655	260	788	67.2	35	Nov 8, 2024	J-GAAP
YoY	+25.4%	-23.3%	-73.2%	-54.0%	-54.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	57,530	1,258	1,865	2,403	205.1	30	May 12, 2023	J-GAAP
Mar, 2024	57,498	1,654	2,575	4,235	361.5	65	May 14, 2024	J-GAAP
Mar, 2025 Guidance	61,500	1,500	1,600	-4,200	-358.0	70	Nov 8, 2024	J-GAAP
YoY	+7.0%	-9.3%	-37.9%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,492	610	790	1,890	161.4	3.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	10,797	87	124	356	30.4	0.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	17,133	767	847	1,358	115.9	4.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	10,823	-78	438	-252	-21.5	-0.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	15,660	923	902	-4,736	-404.1	5.9	Nov 8, 2024	J-GAAP
YoY	-5.0%	+51.3%	+14.2%	－	－