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

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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%	+170.8%

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%	+123.5%

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%	－	－