KOKEN BORING MACHINE CO., LTD., First Half Ordinary Profit Decreases by 47%

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Mon Nov 11, 2024 3:30 pm JST Earnings

6297 KOKEN BORING MACHINE CO., LTD. 【J-GAAP】

Earnings Report

KOKEN BORING MACHINE CO., LTD. <6297> [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) dropped by 46.8% from the same period last year to 92 million yen. The progress rate against the 600 million yen full-year plan was 15.3%, also falling below the five-year average of 35.3%.

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 expand by 67.1% from the same period last year, reaching 508 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.4% from the same period last year, reaching 176 million yen. However, the operating profit margin worsened from 7.7% in the same period last year to 7.1%.

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	3,633	62	40	103	12.3	25.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	4,700	223	173	98	11.6	36.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,439	118	92	54	6.4	15.3	Nov 11, 2024	J-GAAP
YoY	-5.6%	-47.1%	-46.8%	-44.9%	-45.1%

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	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	4,439	118	92	54	6.4	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	4,829	336	304	201	23.8	12	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,561	582	508	316	37.3	12	Nov 11, 2024	J-GAAP
YoY	+35.9%	+73.2%	+67.1%	+57.2%	+56.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,213	261	157	185	22.0	8	May 12, 2023	J-GAAP
Mar, 2024	9,529	559	477	299	35.5	12	May 14, 2024	J-GAAP
Mar, 2025 Guidance	11,000	700	600	370	43.6	12	May 14, 2024	J-GAAP
YoY	+15.4%	+25.2%	+25.8%	+23.7%	+23.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,365	181	158	101	12.0	7.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,490	203	192	126	14.9	8.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,339	133	112	75	8.9	5.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,730	-73	-84	-69	-8.2	-4.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,709	191	176	123	14.6	7.1	Nov 11, 2024	J-GAAP
YoY	+14.5%	+5.5%	+11.4%	+21.8%	+21.4%