KOSE Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 1%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Nov 11, 2024 3:30 pm JST Earnings

4922 KOSE Corporation 【J-GAAP】

Earnings Report

KOSE Corporation <4922> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 20.6 billion yen, a 1.8% decrease compared to the same period last year.

However, the full-year consolidated ordinary profit has been revised upward by 1.4%, from the previous forecast of 20.8 billion yen to 21.1 billion yen (compared to 20.2 billion yen in the previous period), increasing the growth rate from 2.7% to 4.2%. However, the full-year consolidated net income has downwardly by 36.5%, from the previous forecast of 12.6 billion yen to 8 billion yen (compared to 11.6 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 31.4% decrease in profit.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 15.6%, from the previous forecast of 1.91 billion yen to 2.21 billion yen (compared to 6.19 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 69.0% to 64.2%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 1.8 billion yen, a 74.3% decrease compared to the same period last year. The operating profit margin worsened from 7.5% in the same period last year to 6.4%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	200,887	12,481	22,549	13,841	242.6	79.4	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	218,961	16,029	21,067	13,148	230.5	104.0	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	238,725	18,815	20,685	9,412	165.0	98.0	Nov 11, 2024	J-GAAP
YoY	+9.0%	+17.4%	-1.8%	-28.4%	-28.4%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	152,867	6,252	1,918	990	17.4	70	Aug 7, 2024	J-GAAP
Jul - Dec, 2024 New	160,867	4,252	2,218	-3,610	-63.3	70	Nov 11, 2024	J-GAAP
Revision Rate	+5.2%	-32.0%	+15.6%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	312,000	20,000	20,800	12,600	220.8	140	Feb 14, 2024	J-GAAP
Dec, 2024 New	320,000	18,000	21,100	8,000	140.2	140	Nov 11, 2024	J-GAAP
Revision Rate	+2.6%	-10.0%	+1.4%	-36.5%	-36.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	156,111	5,565	6,190	2,966	52.0	70	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	160,867	4,252	2,218	-3,610	-63.3	70	Nov 11, 2024	J-GAAP
YoY	+3.0%	-23.6%	-64.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	289,136	22,120	28,394	18,771	329.0	140	Feb 13, 2023	J-GAAP
Dec, 2023	300,406	15,985	20,252	11,663	204.4	140	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	320,000	18,000	21,100	8,000	140.2	140	Nov 11, 2024	J-GAAP
YoY	+6.5%	+12.6%	+4.2%	-31.4%	-31.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	74,666	5,609	7,005	4,451	78.0	7.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	81,445	-44	-815	-1,485	-26.0	-0.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	77,583	7,902	10,282	6,943	121.7	10.2	May 8, 2024	J-GAAP
Apr - Jun, 2024	81,550	5,846	8,600	4,667	81.8	7.2	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	79,592	5,067	1,803	-2,198	-38.5	6.4	Nov 11, 2024	J-GAAP
YoY	+6.6%	-9.7%	-74.3%	－	－