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

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%.

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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 3,633 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%

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