KOURAKUEN CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 11%

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Tue Nov 12, 2024 3:30 pm JST Earnings

7554 KOURAKUEN CORPORATION 【J-GAAP】

Earnings Report

KOURAKUEN CORPORATION <7554> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 403 million yen (compared to a loss of 421 million yen in the same period last year), exceeded the previous forecast of 200 million yen.

However, the full-year ordinary profit (non-consolidated) has downwardly by 11.1%, from the previous forecast of 450 million yen to 400 million yen. However, the full-year net income has been revised upward by 3.2 times, from the previous forecast of 250 million yen to 800 million yen.

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 6.0 times that of the same period last year, reaching 266 million yen. The operating profit margin significantly improved from 0.7% in the same period last year to 3.9%.

Note: Since the current fiscal year, the company has transitioned to non-consolidated financial statements.

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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	12,674	-688	-423	-1,071	-71.2	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	13,063	-409	-421	-253	-16.6	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	13,713	427	403	512	32.6	100.8	Nov 12, 2024	J-GAAP
YoY	+5.0%	－	－	－	－

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	13,000	250	200	100	6.4	－	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	13,713	427	403	512	32.6	0	Nov 12, 2024	J-GAAP
Revision Rate	+5.5%	+70.8%	+101.5%	+412.0%	+412.4%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	26,000	600	450	250	13.3	－	May 13, 2024	J-GAAP
Mar, 2025 New	18,500	ー	400	800	42.7	－	Nov 12, 2024	J-GAAP
Revision Rate	-28.8%	－	-11.1%	+220.0%	+220.0%

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	13,737	442	315	347	22.4	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,787	ー	-3	288	15.4	－	Nov 12, 2024	J-GAAP
YoY	-65.2%	－	－	-17.0%	-31.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,461	-1,687	-1,528	-2,858	-190.0	0	May 15, 2023	J-GAAP
Mar, 2024	26,800	33	-106	94	6.1	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	18,500	ー	400	800	42.7	－	Nov 12, 2024	J-GAAP
YoY	-31.0%	－	－	+751.1%	+601.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,874	51	44	241	15.8	0.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	6,847	207	201	166	10.8	3.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	6,890	235	114	181	11.7	3.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	6,582	150	137	119	7.6	2.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	7,131	277	266	393	25.0	3.9	Nov 12, 2024	J-GAAP
YoY	+3.7%	+443.1%	+504.5%	+63.1%	+58.1%