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T.KAWABE & CO., LTD., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Decreases by 69%

Mon Nov 11, 2024 3:30 pm JST Earnings

8123 T.KAWABE & CO., LTD. 【J-GAAP】

Earnings Report

T.KAWABE & CO., LTD. <8123> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 132 million yen (compared to a loss of 46 million yen in the same period last year).

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 grow by 28.4% from the same period last year, reaching 515 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 27 million yen, a 68.6% decrease compared to the same period last year. The operating profit/loss margin worsened from 2.2% in the same period last year to -0.1%.

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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 5,536 -220 -182 -199 -109.1 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 5,728 -90 -46 -73 -40.4 ー Nov 13, 2023 J-GAAP
Apr - Sep, 2024 5,594 -188 -132 12 7.0 ー Nov 11, 2024 J-GAAP
YoY -2.3% -108.9% -187.0% － －

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 － － May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 5,594 -188 -132 12 7.0 － Nov 11, 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 7,340 342 401 339 186.4 80 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,117 443 515 271 148.5 50 Nov 11, 2024 J-GAAP
YoY +10.6% +29.5% +28.4% -20.1% -20.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,551 123 205 124 68.2 15 May 12, 2023 J-GAAP
Mar, 2024 13,068 252 355 266 146.3 80 May 13, 2024 J-GAAP
Mar, 2025 Guidance 13,711 255 383 283 155.1 50 May 13, 2024 J-GAAP
YoY +4.9% +1.2% +7.9% +6.4% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,946 66 86 89 49.3 2.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 3,645 90 115 95 53.8 2.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,695 252 286 244 134.2 6.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,718 -185 -159 -184 -101.2 -6.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,876 -3 27 196 114.0 -0.1 Nov 11, 2024 J-GAAP
YoY -2.4% － -68.6% +120.2% +131.3%

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