KURAMOTO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Wed Nov 13, 2024 3:40 pm JST Earnings

5216 KURAMOTO CO.,LTD. 【J-GAAP】

Earnings Report

KURAMOTO CO.,LTD. <5216> [TSE-S] announced its financial results after the market closed on November 13th (15:40). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 4 million yen (compared to a loss of 302 million yen in the same period last year).

However, the full-year ordinary profit/loss has been revised downward from an expected profit of 50 million yen to a loss of 25 million yen (compared to a loss of 399 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit/loss for the July to December period (second half) has been revised downward from an expected profit of 32 million yen to a loss of 43 million yen (compared to a loss of 198 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the ordinary loss improved to a deficit of loss of 14 million yen (compared to a loss of 101 million yen in the same period last year). The operating profit/loss margin drastically improved from -62.9% in the same period last year to 2.5%.

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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	915	-23	-10	6	0.2	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	445	-314	-302	-303	-9.1	ー	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	861	40	4	14	0.4	ー	Nov 13, 2024	J-GAAP
YoY	+93.5%	－	－	－	－

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	514	37	32	31	0.7	0	Aug 13, 2024	J-GAAP
Jul - Dec, 2024 New	574	2	-43	-28	-0.6	0	Nov 13, 2024	J-GAAP
Revision Rate	+11.7%	-94.6%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	1,100	70	50	60	1.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	1,160	35	-25	1	0.0	0	Nov 13, 2024	J-GAAP
Revision Rate	+5.5%	-50.0%	－	-98.3%	-98.4%

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	418	-193	-198	-353	-10.6	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	574	2	-43	-28	-0.6	0	Nov 13, 2024	J-GAAP
YoY	+37.3%	－	+78.3%	+92.1%	+94.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,058	-117	-32	0	0.0	0	Feb 14, 2023	J-GAAP
Dec, 2023	704	-407	-399	-555	-16.6	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	1,160	35	-25	1	0.0	0	Nov 13, 2024	J-GAAP
YoY	+64.8%	－	+93.7%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	159	-100	-101	-101	-3.0	-62.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	259	-93	-97	-252	-7.5	-35.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	294	6	2	12	0.4	2.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	292	27	16	17	0.5	9.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	275	7	-14	-15	-0.5	2.5	Nov 13, 2024	J-GAAP
YoY	+73.0%	－	+86.1%	+85.1%	+84.8%