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Kumagai Gumi Co.,Ltd., First Half Ordinary Profit Decreases by 69%, July-September Ordinary Profit Decreases by 75%

Tue Nov 12, 2024 3:30 pm JST Earnings

1861 Kumagai Gumi Co.,Ltd. 【J-GAAP】

Earnings Report

Kumagai Gumi Co.,Ltd. <1861> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 68.7% from the same period last year to 1.24 billion yen. The progress rate against the 15.4 billion yen full-year plan was 8.1%, also falling below the five-year average of 35.7%.

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 expand by 56.5% from the same period last year, reaching 14.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 877 million yen, a 74.7% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 0.7%.

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 185,844 2,830 3,511 2,241 50.0 28.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 196,257 3,768 3,996 2,431 56.0 30.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 219,492 1,239 1,249 526 12.2 8.1 Nov 12, 2024 J-GAAP
YoY +11.8% -67.1% -68.7% -78.4% -78.1%

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 － － May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 219,492 1,239 1,249 526 12.2 － 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 246,936 8,881 9,044 5,885 136.1 130 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 242,708 13,761 14,151 9,574 223.0 130 Nov 12, 2024 J-GAAP
YoY -1.7% +54.9% +56.5% +62.7% +63.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 403,502 11,483 12,236 7,973 179.6 130 May 12, 2023 J-GAAP
Mar, 2024 443,193 12,649 13,040 8,316 192.4 130 May 14, 2024 J-GAAP
Mar, 2025 Guidance 462,200 15,000 15,400 10,100 235.3 130 May 14, 2024 J-GAAP
YoY +4.3% +18.6% +18.1% +21.5% +22.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 105,366 3,358 3,473 2,363 54.4 3.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 111,497 5,485 5,354 3,488 80.6 4.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 135,439 3,396 3,690 2,397 55.5 2.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 102,676 451 372 109 2.5 0.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 116,816 788 877 417 9.7 0.7 Nov 12, 2024 J-GAAP
YoY +10.9% -76.5% -74.7% -82.4% -82.2%

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