kabutan

K&O Energy Group Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3%

Tue Nov 12, 2024 4:00 pm JST Earnings

1663 K&O Energy Group Inc. 【J-GAAP】

Earnings Report

K&O Energy Group Inc. <1663> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 3.3% from the same period last year, reaching 8.15 billion yen. The progress rate against the 8.7 billion yen full-year plan was 93.7%, also surpassing the five-year average of 82.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 78.2% from the same period last year to 549 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 2.22 billion yen, a 2.5% decrease compared to the same period last year. The operating profit margin decreased from 10.1% in the same period last year to 9.6%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 75,646 5,533 5,915 3,596 135.3 74.6 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 72,390 7,394 7,892 4,800 180.3 75.8 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 70,599 7,688 8,151 5,029 188.7 93.7 Nov 12, 2024 J-GAAP
YoY -2.5% +4.0% +3.3% +4.8% +4.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 45,906 4,488 4,793 3,088 116.0 21 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 45,766 2,194 2,770 1,601 60.1 22 Aug 9, 2024 J-GAAP
YoY -0.3% -51.1% -42.2% -48.2% -48.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 106,200 7,304 7,931 4,766 179.3 32 Feb 13, 2023 J-GAAP
Dec, 2023 96,298 9,668 10,408 6,464 242.8 38 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 94,600 7,800 8,700 5,300 198.8 42 Aug 9, 2024 J-GAAP
YoY -1.8% -19.3% -16.4% -18.0% -18.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 21,998 2,214 2,277 1,424 53.5 10.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 23,908 2,274 2,516 1,664 62.5 9.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 25,925 2,493 2,599 1,691 63.5 9.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 22,909 3,113 3,331 2,008 75.4 13.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 21,765 2,082 2,221 1,330 49.9 9.6 Nov 12, 2024 J-GAAP
YoY -1.1% -6.0% -2.5% -6.6% -6.7%

Related Articles