KOHOKU KOGYO CO.,LTD., July-September (3Q) Ordinary Profit Decreases by 27%

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Fri Nov 8, 2024 3:30 pm JST Earnings

6524 KOHOKU KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

KOHOKU KOGYO CO.,LTD. <6524> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 11.9% from the same period last year, reaching 3.32 billion yen. However, The progress rate against the 4.63 billion yen full-year plan was 71.7%, also falling below the three-year average of 88.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to surge by 7.3 times that of the same period last year, reaching 1.31 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 573 million yen, a 27.3% decrease compared to the same period last year. However, the operating profit margin jumped from 18.3% in the same period last year to 31.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	11,901	3,115	4,088	2,693	101.5	92.0	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	10,355	2,295	2,973	1,723	63.9	94.3	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	12,137	3,174	3,326	2,224	82.4	71.7	Nov 8, 2024	J-GAAP
YoY	+17.2%	+38.3%	+11.9%	+29.1%	+29.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	6,449	1,126	967	560	20.8	20	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	8,669	2,310	1,884	1,254	46.5	23	Aug 8, 2024	J-GAAP
YoY	+34.4%	+105.2%	+94.8%	+123.9%	+123.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	15,673	3,884	4,443	3,066	115.4	18.33	Feb 9, 2023	J-GAAP
Dec, 2023	13,472	2,812	3,152	1,904	70.6	20	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	16,376	4,098	4,637	3,045	112.8	23	Aug 8, 2024	J-GAAP
YoY	+21.6%	+45.7%	+47.1%	+59.9%	+59.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,332	609	788	379	14.1	18.3	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	3,117	517	179	181	6.7	16.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	3,413	635	1,130	724	26.9	18.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	4,294	1,153	1,623	1,067	39.5	26.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	4,430	1,386	573	433	16.1	31.3	Nov 8, 2024	J-GAAP
YoY	+33.0%	+127.6%	-27.3%	+14.2%	+14.2%