KANDA TSUSHINKI CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 7%

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Mon Nov 11, 2024 3:30 pm JST Earnings

1992 KANDA TSUSHINKI CO.,LTD. 【J-GAAP】

Earnings Report

KANDA TSUSHINKI CO.,LTD. <1992> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.4 times that of the same period last year, reaching 382 million yen, exceeded the previous forecast of 200 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 6.7%, from the previous forecast of 450 million yen to 480 million yen (compared to 804 million yen in the previous period), and the declining rate is expected to decrease from 44.0% to 40.3%.

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 84.9% from the same period last year to 98 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 66.2% from the same period last year, reaching 246 million yen. The operating profit margin significantly improved from 7.6% in the same period last year to 12.4%.

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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	2,472	106	147	111	47.2	26.3	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	2,822	112	156	96	41.3	19.4	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	3,231	338	382	282	120.8	79.6	Nov 11, 2024	J-GAAP
YoY	+14.5%	+201.8%	+144.9%	+193.8%	+192.9%

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	3,000	160	200	130	56.2	0	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	3,231	338	382	282	120.8	0	Nov 11, 2024	J-GAAP
Revision Rate	+7.7%	+111.3%	+91.0%	+116.9%	+115.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	6,400	380	450	280	120.9	67	May 13, 2024	J-GAAP
Mar, 2025 New	6,900	410	480	320	138.2	67	Nov 11, 2024	J-GAAP
Revision Rate	+7.8%	+7.9%	+6.7%	+14.3%	+14.3%

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	4,330	609	648	449	191.5	66	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,669	72	98	38	16.4	67	Nov 11, 2024	J-GAAP
YoY	-15.3%	-88.2%	-84.9%	-91.5%	-91.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,978	483	559	383	161.5	60	May 10, 2023	J-GAAP
Mar, 2024	7,152	721	804	545	232.5	66	May 13, 2024	J-GAAP
Mar, 2025 Guidance	6,900	410	480	320	138.2	67	Nov 11, 2024	J-GAAP
YoY	-3.5%	-43.1%	-40.3%	-41.3%	-40.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,703	130	148	96	41.3	7.6	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	1,622	190	210	141	60.3	11.7	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	2,708	419	438	308	131.4	15.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,389	110	136	99	42.6	7.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,842	228	246	183	78.4	12.4	Nov 11, 2024	J-GAAP
YoY	+8.2%	+75.4%	+66.2%	+90.6%	+90.1%