KYOKUTO KAIHATSU KOGYO CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 4%

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Tue Nov 12, 2024 2:00 pm JST Earnings

7226 KYOKUTO KAIHATSU KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

KYOKUTO KAIHATSU KOGYO CO.,LTD. <7226> [TSE-P] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.67 billion yen, an increase of 43.8% compared to the same period last year. However, The progress rate against the 6.5 billion yen full-year plan was 41.1%, also falling below the five-year average of 48.4%.

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 grow by 1.8% from the same period last year, reaching 3.82 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.38 billion yen, a 4.1% decrease compared to the same period last year. However, the operating profit margin improved from 4.2% in the same period last year to 5.1%.

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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	51,709	381	888	728	18.2	74.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	59,570	1,311	1,858	1,063	27.8	33.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	64,007	2,740	2,672	3,068	80.0	41.1	Nov 12, 2024	J-GAAP
YoY	+7.4%	+109.0%	+43.8%	+188.6%	+187.9%

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	ー	ー	ー	ー	－	75	Aug 7, 2024	J-GAAP
Apr - Sep, 2024 Results	64,007	2,740	2,672	3,068	80.0	75	Nov 12, 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	68,456	3,514	3,759	2,438	63.7	58	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	69,993	3,560	3,828	2,632	68.6	75	Nov 12, 2024	J-GAAP
YoY	+2.2%	+1.3%	+1.8%	+8.0%	+7.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	113,089	991	1,187	3,580	90.9	54	May 11, 2023	J-GAAP
Mar, 2024	128,026	4,825	5,617	3,501	91.5	87	May 14, 2024	J-GAAP
Mar, 2025 Guidance	134,000	6,300	6,500	5,700	148.6	150	Aug 7, 2024	J-GAAP
YoY	+4.7%	+30.6%	+15.7%	+62.8%	+62.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	33,479	1,398	1,439	843	22.1	4.2	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	30,741	850	828	391	10.2	2.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	37,715	2,664	2,931	2,047	53.5	7.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	28,626	931	1,292	820	21.4	3.3	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	35,381	1,809	1,380	2,248	58.7	5.1	Nov 12, 2024	J-GAAP
YoY	+5.7%	+29.4%	-4.1%	+166.7%	+166.0%