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KOMAIHALTEC Inc., The Current Fiscal Year Ordinary Profit Revised Downward by 14%

Wed Nov 13, 2024 3:00 pm JST Earnings

5915 KOMAIHALTEC Inc. 【J-GAAP】

Earnings Report

KOMAIHALTEC Inc. <5915> [TSE-P] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 66.5% from the same period last year to 60 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 13.8%, from the previous forecast of 580 million yen to 500 million yen (compared to 1.3 billion yen in the previous period), leading to an increase in the profit decline rate from 55.6% to 61.7%. However, the full-year consolidated net income has been revised upward by 3.8 times, from the previous forecast of 370 million yen to 1.4 billion yen (compared to 625 million yen in the previous period), turning to a 2.2 times increase in the consolidated net income outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 60.9% from the same period last year to 440 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 102 million yen, a 78.1% decrease compared to the same period last year. The operating profit margin worsened from 2.6% in the same period last year to 0.8%.

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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 16,503 -436 -244 -306 -65.9 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 27,540 -83 179 55 12.0 13.7 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 21,620 29 60 -147 -31.5 12.0 Nov 13, 2024 J-GAAP
YoY -21.5% － -66.5% － －

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 ー ー ー ー － 35 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 21,620 29 60 -147 -31.5 35 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 40,000 830 580 370 79.2 70 May 14, 2024 J-GAAP
Mar, 2025 New 39,000 400 500 1,400 299.6 70 Nov 13, 2024 J-GAAP
Revision Rate -2.5% -51.8% -13.8% +278.4% +278.4%

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 27,844 805 1,126 570 122.2 35 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 17,380 371 440 1,547 331.0 35 Nov 13, 2024 J-GAAP
YoY -37.6% -53.9% -60.9% +171.4% +170.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,727 315 481 328 70.5 70 May 12, 2023 J-GAAP
Mar, 2024 55,384 722 1,305 625 134.0 70 May 14, 2024 J-GAAP
Mar, 2025 Guidance 39,000 400 500 1,400 299.6 70 Nov 13, 2024 J-GAAP
YoY -29.6% -44.6% -61.7% +124.0% +123.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,961 360 466 371 80.6 2.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 13,531 133 506 417 89.5 1.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 14,313 672 620 153 32.8 4.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 11,962 -45 -42 -45 -9.8 -0.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,658 74 102 -102 -21.8 0.8 Nov 13, 2024 J-GAAP
YoY -30.8% -79.4% -78.1% － －

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