GOURMET KINEYA CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 95%

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Wed Nov 13, 2024 3:30 pm JST Earnings

9850 GOURMET KINEYA CO.,LTD. 【J-GAAP】

Earnings Report

GOURMET KINEYA CO.,LTD. <9850> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 575 million yen (compared to a loss of 323 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 95.2%, from the previous forecast of 609 million yen to 1.18 billion yen (compared to 378 million yen in the previous period), increasing the growth rate from 61.1% to 3.1 times.

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 decrease by 12.4% from the same period last year to 614 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 435 million yen (compared to a loss of 76 million yen in the same period last year). The operating profit/loss margin significantly improved from -0.6% in the same period last year to 4.0%.

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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	13,048	-592	-620	-809	-35.4	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	16,811	-287	-323	434	19.0	ー	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	20,121	536	575	341	14.9	48.4	Nov 13, 2024	J-GAAP
YoY	+19.7%	－	－	-21.4%	-21.3%

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	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	20,121	536	575	341	14.9	0	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	39,593	649	609	215	9.4	6	May 14, 2024	J-GAAP
Mar, 2025 New	42,165	1,207	1,189	441	19.3	6	Nov 13, 2024	J-GAAP
Revision Rate	+6.5%	+86.0%	+95.2%	+105.1%	+105.1%

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	20,222	709	701	662	29.0	6	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,044	671	614	100	4.4	6	Nov 13, 2024	J-GAAP
YoY	+9.0%	-5.4%	-12.4%	-84.9%	-84.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	29,894	-386	-477	-1,150	-50.3	0	May 12, 2023	J-GAAP
Mar, 2024	37,033	422	378	1,096	47.9	6	May 14, 2024	J-GAAP
Mar, 2025 Guidance	42,165	1,207	1,189	441	19.3	6	Nov 13, 2024	J-GAAP
YoY	+13.9%	+186.0%	+214.6%	-59.8%	-59.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,628	-54	-76	555	24.3	-0.6	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	11,338	875	873	622	27.2	7.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	8,884	-166	-172	40	1.8	-1.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,738	124	140	43	1.9	1.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,383	412	435	298	13.1	4.0	Nov 13, 2024	J-GAAP
YoY	+20.3%	－	－	-46.3%	-46.2%