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KOKUSAI CO.,LTD, First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

Fri Nov 8, 2024 4:00 pm JST Earnings

7722 KOKUSAI CO.,LTD 【J-GAAP】

Earnings Report

KOKUSAI CO.,LTD <7722> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 152 million yen (compared to a loss of 558 million yen in the same period last year). However, The progress rate against the 400 million yen full-year plan was 38.0%, almost the same as the five-year average of 39.8%.

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 38.8% from the same period last year to 248 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 28 million yen (compared to a loss of 235 million yen in the same period last year). The operating profit/loss margin drastically improved from -13.3% in the same period last year to 10.6%.

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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 3,269 -876 -538 -515 -37.5 ー Nov 8, 2022 J-GAAP
Apr - Sep, 2023 4,106 -877 -558 -530 -38.6 ー Nov 8, 2023 J-GAAP
Apr - Sep, 2024 5,669 239 152 25 1.9 38.0 Nov 8, 2024 J-GAAP
YoY +38.1% － － － －

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 5,669 239 152 25 1.9 10 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 5,669 239 152 25 1.9 10 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 6,133 265 405 272 19.8 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,331 161 248 175 12.9 10 Nov 5, 2024 J-GAAP
YoY -13.1% -39.2% -38.8% -35.7% -34.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,037 -38 188 -66 -4.8 20 May 15, 2023 J-GAAP
Mar, 2024 10,239 -612 -153 -258 -18.8 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 11,000 400 400 200 14.8 20 Nov 5, 2024 J-GAAP
YoY +7.4% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,405 -320 -235 -228 -16.6 -13.3 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 2,437 -62 -138 -127 -9.3 -2.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,696 327 543 399 29.0 8.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,403 -106 124 52 3.8 -4.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 3,266 345 28 -27 -2.0 10.6 Nov 8, 2024 J-GAAP
YoY +35.8% － － +88.2% +87.9%

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