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KUWAZAWA Holdings Corporation, First Half Ordinary Profit Increases by 46%, July-September Ordinary Profit Increases by 55%

Mon Nov 11, 2024 3:30 pm JST Earnings

8104 KUWAZAWA Holdings Corporation 【J-GAAP】

Earnings Report

KUWAZAWA Holdings Corporation <8104> [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) expanded to 823 million yen, an increase of 46.2% compared to the same period last year. The progress rate against the 1.3 billion yen full-year plan was 63.3%, also surpassing the five-year average of 37.7%.

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 49.5% from the same period last year to 477 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 55.2% from the same period last year, reaching 762 million yen. The operating profit margin improved from 2.4% in the same period last year to 4.0%.

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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 30,396 400 558 305 20.4 51.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 32,406 448 563 316 21.1 37.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 31,691 685 823 507 33.7 63.3 Nov 11, 2024 J-GAAP
YoY -2.2% +52.9% +46.2% +60.4% +60.0%

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 31,691 685 823 507 33.7 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 32,426 855 945 425 28.3 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,309 415 477 293 19.6 15 Nov 11, 2024 J-GAAP
YoY -0.4% -51.5% -49.5% -31.1% -30.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 64,308 853 1,083 601 40.0 12 May 15, 2023 J-GAAP
Mar, 2024 64,832 1,303 1,508 741 49.3 15 May 15, 2024 J-GAAP
Mar, 2025 Guidance 64,000 1,100 1,300 800 53.4 15 May 15, 2024 J-GAAP
YoY -1.3% -15.6% -13.8% +8.0% +8.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,871 431 491 295 19.7 2.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 17,733 616 665 406 27.0 3.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 14,693 239 280 19 1.3 1.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 14,575 0 61 13 0.9 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 17,116 685 762 494 32.8 4.0 Nov 11, 2024 J-GAAP
YoY -4.2% +58.9% +55.2% +67.5% +67.0%

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