KIYO Learning Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 43% Increase, Highest in Four Terms

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Wed Nov 13, 2024 3:30 pm JST Earnings

7353 KIYO Learning Co.,Ltd. 【J-GAAP】

Earnings Report

KIYO Learning Co.,Ltd. <7353> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 26 times that of the same period last year, reaching 154 million yen.

In addition, the full-year ordinary profit has been revised upward by 42.9%, from the previous forecast of 140 million yen to 200 million yen (compared to 140 million yen in the previous period), reaches new record high for the first time in four terms, turning to a 42.9% increase in the ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the July to December period (second half) is expected to increase by 17.7%, from the previous forecast of 339 million yen to 399 million yen (compared to 271 million yen in the same period of the previous year), increasing the growth rate from 25.1% to 47.2%.

In the most recent three-month period, from July to September (3Q), the ordinary profit surged to 2.6 times that of the same period last year, reaching 353 million yen. The operating profit margin jumped from 12.1% in the same period last year to 25.9%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	2,093	-234	-238	-274	-40.6	ー	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	2,839	11	6	5	0.8	4.3	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	3,357	157	154	118	17.4	77.0	Nov 13, 2024	J-GAAP
YoY	+18.2%	+1,327.3%	+2,466.7%	+2,260.0%	+2,128.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	2,214	338	339	276	40.4	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	2,464	398	399	346	50.6	0	Nov 13, 2024	J-GAAP
Revision Rate	+11.3%	+17.8%	+17.7%	+25.4%	+25.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	4,200	140	140	130	19.0	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	4,450	200	200	200	29.3	0	Nov 13, 2024	J-GAAP
Revision Rate	+6.0%	+42.9%	+42.9%	+53.8%	+53.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	2,095	262	271	244	36.0	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,464	398	399	346	50.6	0	Nov 13, 2024	J-GAAP
YoY	+17.6%	+51.9%	+47.2%	+41.8%	+40.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,848	-183	-183	-220	-32.7	0	Feb 14, 2023	J-GAAP
Dec, 2023	3,798	136	140	112	16.5	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	4,450	200	200	200	29.3	0	Nov 13, 2024	J-GAAP
YoY	+17.2%	+47.1%	+42.9%	+78.6%	+77.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,136	137	137	137	21.4	12.1	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	959	125	134	107	15.8	13.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	923	-349	-351	-244	-35.9	-37.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,063	151	152	98	14.4	14.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,371	355	353	264	38.9	25.9	Nov 13, 2024	J-GAAP
YoY	+20.7%	+159.1%	+157.7%	+92.7%	+81.9%