kabutan

KANEMITSU CORPORATION, First Half Ordinary Profit Unexpectedly Revised Upward by 34%

Wed Nov 13, 2024 3:30 pm JST Earnings

7208 KANEMITSU CORPORATION 【J-GAAP】

Earnings Report

KANEMITSU CORPORATION <7208> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 348 million yen, an increase of 33.8% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 23.1% decrease.

The progress rate against the 700 million yen full-year plan was 49.7%, exceeding the five-year average of 40.7%.

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 decrease by 14.4% from the same period last year to 352 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 54.2% from the same period last year, reaching 219 million yen. The operating profit margin improved from 4.7% in the same period last year to 7.4%.

Kabutan News

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 4,610 94 139 178 34.8 28.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 5,316 229 260 229 44.8 38.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 5,508 315 348 266 52.0 49.7 Nov 13, 2024 J-GAAP
YoY +3.6% +37.6% +33.8% +16.2% +16.2%

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 5,600 200 200 100 19.6 15 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 5,508 315 348 266 52.0 15 Nov 13, 2024 J-GAAP
Revision Rate -1.6% +57.5% +74.0% +166.0% +166.0%

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 5,775 347 411 403 78.9 15 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,092 385 352 234 45.8 15 Nov 13, 2024 J-GAAP
YoY +5.5% +11.0% -14.4% -41.9% -42.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,024 425 487 538 105.2 28.50 May 11, 2023 J-GAAP
Mar, 2024 11,091 576 671 632 123.7 29.50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 11,600 700 700 500 97.8 30 May 9, 2024 J-GAAP
YoY +4.6% +21.5% +4.3% -20.9% -20.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,672 125 142 125 24.5 4.7 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 3,068 305 345 293 57.4 9.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,707 42 66 110 21.5 1.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 2,711 109 129 77 15.1 4.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 2,797 206 219 189 37.0 7.4 Nov 13, 2024 J-GAAP
YoY +4.7% +64.8% +54.2% +51.2% +51.2%

Related Articles