KURARAY CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 22%, July-September Ordinary Profit Increases by 37%

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Wed Nov 13, 2024 1:00 pm JST Earnings

3405 KURARAY CO.,LTD. 【J-GAAP】

Earnings Report

KURARAY CO.,LTD. <3405> [TSE-P] announced its financial results in the afternoon session on November 13th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 21.8% from the same period last year, reaching 70.3 billion yen. The progress rate against the 84 billion yen full-year plan was 83.7%, also surpassing the five-year average of 79.0%.

Based on the third-quarter cumulative performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 21.2% from the same period last year, reaching 13.6 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 37.0% from the same period last year, reaching 26.3 billion yen. The operating profit margin jumped from 10.7% in the same period last year to 14.0%.

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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	553,150	70,846	70,078	47,174	139.6	83.4	Nov 9, 2022	J-GAAP
Jan - Sep, 2023	574,374	61,702	57,753	36,487	109.0	83.7	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	614,834	73,923	70,341	46,634	140.8	83.7	Nov 13, 2024	J-GAAP
YoY	+7.0%	+19.8%	+21.8%	+27.8%	+29.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	438,783	43,536	39,978	24,554	75.8	27	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	423,783	43,536	39,978	24,554	75.8	27	Nov 13, 2024	J-GAAP
Revision Rate	-3.4%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	850,000	89,000	84,000	55,000	169.8	54	Aug 9, 2024	J-GAAP
Dec, 2024 New	835,000	89,000	84,000	55,000	169.8	54	Nov 13, 2024	J-GAAP
Revision Rate	-1.8%	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
Jul - Dec, 2023	399,940	34,505	30,487	20,604	61.6	25	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	423,783	43,536	39,978	24,554	75.8	27	Nov 13, 2024	J-GAAP
YoY	+6.0%	+26.2%	+31.1%	+19.2%	+23.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	756,376	87,139	84,060	54,307	161.1	44	Feb 9, 2023	J-GAAP
Dec, 2023	780,938	75,475	69,025	42,446	126.8	50	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	835,000	89,000	84,000	55,000	169.8	54	Nov 13, 2024	J-GAAP
YoY	+6.9%	+17.9%	+21.7%	+29.6%	+33.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	193,376	20,732	19,215	14,645	43.8	10.7	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	206,564	13,773	11,272	5,959	17.8	6.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	192,183	28,793	27,861	21,614	64.6	15.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	219,034	16,671	16,161	8,832	26.5	7.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	203,617	28,459	26,319	16,188	48.9	14.0	Nov 13, 2024	J-GAAP
YoY	+5.3%	+37.3%	+37.0%	+10.5%	+11.7%