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KOATSU GAS KOGYO CO., LTD., First Half Ordinary Profit Revised Downward to an Unexpected 6%Decrease

Wed Nov 13, 2024 3:00 pm JST Earnings

4097 KOATSU GAS KOGYO CO., LTD. 【J-GAAP】

Earnings Report

KOATSU GAS KOGYO CO., LTD. <4097> [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) decreased by 6.1% from the same period last year to 3.02 billion yen, resulting in a decrease in profits compared to the previous forecast of a 2.5% increase.

The progress rate against the 7.2 billion yen full-year plan was 42.0%, also falling below the five-year average of 46.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 21.5% from the same period last year, reaching 4.17 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 971 million yen, a 34.3% decrease compared to the same period last year. The operating profit margin worsened from 5.7% in the same period last year to 5.1%.

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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 44,021 2,443 2,981 1,980 35.9 51.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 44,808 2,620 3,219 2,219 40.2 48.4 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 47,517 2,737 3,023 2,017 36.6 42.0 Nov 13, 2024 J-GAAP
YoY +6.0% +4.5% -6.1% -9.1% -9.1%

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 48,000 2,900 3,300 2,200 39.9 10 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 47,517 2,737 3,023 2,017 36.6 10 Nov 13, 2024 J-GAAP
Revision Rate -1.0% -5.6% -8.4% -8.3% -8.3%

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 48,467 3,117 3,438 2,284 41.4 11 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,483 3,863 4,177 2,783 50.4 10 Nov 13, 2024 J-GAAP
YoY +8.3% +23.9% +21.5% +21.8% +21.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 91,469 5,116 5,809 3,941 71.4 18 May 12, 2023 J-GAAP
Mar, 2024 93,275 5,737 6,657 4,503 81.6 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 100,000 6,600 7,200 4,800 87.0 20 May 15, 2024 J-GAAP
YoY +7.2% +15.0% +8.2% +6.6% +6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,556 1,295 1,477 989 17.9 5.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 24,651 1,923 2,081 1,471 26.7 7.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 23,816 1,194 1,357 813 14.7 5.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 23,665 1,529 2,052 1,388 25.2 6.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 23,852 1,208 971 629 11.4 5.1 Nov 13, 2024 J-GAAP
YoY +5.7% -6.7% -34.3% -36.4% -36.4%

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