KIKUKAWA ENTERPRISE,INC., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 7% Increase, Dividend Revised Upward by 20 yen

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Tue Nov 12, 2024 4:20 pm JST Earnings

6346 KIKUKAWA ENTERPRISE,INC. 【J-GAAP】

Earnings Report

KIKUKAWA ENTERPRISE,INC. <6346> [TSE-S] announced its financial results after the market closed on November 12th (16:20). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 308 million yen (compared to a loss of 14 million yen in the same period last year).

In addition, the full-year ordinary profit has been revised upward by 32.4%, from the previous forecast of 680 million yen to 900 million yen (compared to 844 million yen in the previous period), turning to a 6.6% increase in the ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 31.0% from the same period last year to 592 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 160 yen to 180 yen (compared to 160 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 6.5 times that of the same period last year, reaching 339 million yen. The operating profit margin drastically improved from 3.2% in the same period last year to 24.7%.

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	1,940	99	160	103	84.8	31.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,867	-55	-14	7	5.9	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	1,769	272	308	213	176.4	34.2	Nov 12, 2024	J-GAAP
YoY	-5.2%	－	－	+2,942.9%	+2,874.0%

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	2,320	300	340	230	189.7	35	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	1,769	272	308	213	176.4	55	Nov 12, 2024	J-GAAP
Revision Rate	-23.8%	-9.3%	-9.4%	-7.4%	-7.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	5,500	620	680	480	395.8	160	May 10, 2024	J-GAAP
Mar, 2025 New	5,500	800	900	600	494.7	180	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	+29.0%	+32.4%	+25.0%	+25.0%

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	3,619	827	858	611	506.3	125	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,731	528	592	387	319.1	125	Nov 12, 2024	J-GAAP
YoY	+3.1%	-36.2%	-31.0%	-36.7%	-37.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,132	437	515	377	310.4	125	May 11, 2023	J-GAAP
Mar, 2024	5,486	772	844	618	512.1	160	May 10, 2024	J-GAAP
Mar, 2025 Guidance	5,500	800	900	600	494.7	180	Nov 12, 2024	J-GAAP
YoY	+0.3%	+3.6%	+6.6%	-2.9%	-3.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,296	42	52	54	45.8	3.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,246	178	195	136	112.6	14.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,373	649	663	475	393.6	27.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	425	-60	-31	-22	-19.0	-14.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,344	332	339	235	194.6	24.7	Nov 12, 2024	J-GAAP
YoY	+3.7%	+690.5%	+551.9%	+335.2%	+325.3%