CKD Corporation, First Half Ordinary Profit Increases by 52%, Current Fiscal Year Dividend Revised Upward by 8 yen

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.

Tue Nov 12, 2024 3:40 pm JST Earnings

6407 CKD Corporation 【J-GAAP】

Earnings Report

CKD Corporation <6407> [TSE-P] announced its financial results after the market closed on November 12th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 9.22 billion yen, an increase of 51.9% compared to the same period last year, exceeded the previous forecast of 7.5 billion yen.

The progress rate against the 17.5 billion yen full-year plan was 52.7%, also surpassing the five-year average of 38.9%.

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 18.7% from the same period last year, reaching 8.27 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 71 yen to 79 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 49.5% from the same period last year, reaching 4.67 billion yen. The operating profit margin significantly improved from 9.5% in the same period last year to 12.7%.

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	80,213	10,175	10,222	7,039	105.6	48.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	66,519	6,062	6,073	3,961	59.4	46.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	75,761	9,164	9,223	6,340	95.0	52.7	Nov 12, 2024	J-GAAP
YoY	+13.9%	+51.2%	+51.9%	+60.1%	+60.0%

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	69,000	7,500	7,500	5,000	74.9	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	75,761	9,164	9,223	6,340	95.0	38	Nov 12, 2024	J-GAAP
Revision Rate	+9.8%	+22.2%	+23.0%	+26.8%	+26.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	148,000	17,500	17,500	11,800	176.7	71	May 10, 2024	J-GAAP
Mar, 2025 New	148,000	17,500	17,500	11,800	176.7	79	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	67,906	7,051	6,975	4,377	65.6	26	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	72,239	8,336	8,277	5,460	81.8	41	Nov 12, 2024	J-GAAP
YoY	+6.4%	+18.2%	+18.7%	+24.7%	+24.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	159,457	21,170	21,181	14,788	221.8	89	May 12, 2023	J-GAAP
Mar, 2024	134,425	13,113	13,048	8,338	124.9	50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	148,000	17,500	17,500	11,800	176.7	79	Nov 12, 2024	J-GAAP
YoY	+10.1%	+33.5%	+34.1%	+41.5%	+41.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	33,496	3,191	3,130	2,090	31.3	9.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	33,733	3,551	3,585	2,417	36.2	10.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	34,173	3,500	3,390	1,960	29.4	10.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	38,078	4,365	4,544	3,062	45.9	11.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	37,683	4,799	4,679	3,278	49.1	12.7	Nov 12, 2024	J-GAAP
YoY	+12.5%	+50.4%	+49.5%	+56.8%	+56.8%