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THE KINKI SHARYO CO.,LTD., First Half Ordinary Profit Decreases by 99%, July-September Ordinary Profit Turns to Loss

Tue Nov 12, 2024 3:30 pm JST Earnings

7122 THE KINKI SHARYO CO.,LTD. 【J-GAAP】

Earnings Report

THE KINKI SHARYO CO.,LTD. <7122> [TSE-S] 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 99.2% from the same period last year to 19 million yen. The progress rate against the 100 million yen full-year plan was 19.0%, also falling below the five-year average of 38.8%.

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 significant drop by 97.0% from the same period last year to 81 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 861 million yen (compared to a profit of 992 million yen in the same period last year). The operating profit/loss margin drastically worsened from 8.3% in the same period last year to -2.4%.

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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 16,497 173 812 792 115.2 63.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 16,071 1,637 2,322 1,894 275.3 46.4 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 13,588 343 19 7 1.2 19.0 Nov 12, 2024 J-GAAP
YoY -15.5% -79.0% -99.2% -99.6% -99.6%

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 13, 2024 J-GAAP
Apr - Sep, 2024 Results 13,588 343 19 7 1.2 0 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 27,083 2,669 2,686 2,479 360.3 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,412 -243 81 93 13.5 50 Nov 12, 2024 J-GAAP
YoY -32.0% － -97.0% -96.2% -96.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,873 1,229 1,283 1,183 172.0 50 May 12, 2023 J-GAAP
Mar, 2024 43,154 4,306 5,008 4,373 635.6 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 32,000 100 100 100 14.5 50 May 13, 2024 J-GAAP
YoY -25.8% -97.7% -98.0% -97.7% -97.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,964 826 992 695 101.0 8.3 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 13,668 1,858 1,512 1,481 215.2 13.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 13,415 811 1,174 998 145.1 6.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 7,264 495 880 822 119.5 6.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 6,324 -152 -861 -815 -133.9 -2.4 Nov 12, 2024 J-GAAP
YoY -36.5% － － － －

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