KITAZAWA SANGYO CO.,LTD., First Half Ordinary Profit Decreases by 18%, July-September Ordinary Profit Decreases by 30%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 13, 2024 4:00 pm JST Earnings

9930 KITAZAWA SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

KITAZAWA SANGYO CO.,LTD. <9930> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.4% from the same period last year to 385 million yen. The progress rate against the 950 million yen full-year plan was 40.5%, also falling below the five-year average of 57.3%.

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 5.5% from the same period last year to 565 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 229 million yen, a 29.5% decrease compared to the same period last year. The operating profit margin worsened from 6.9% in the same period last year to 5.5%.

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	7,777	258	298	177	9.6	39.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	8,048	421	472	295	15.9	44.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	7,526	343	385	249	13.4	40.5	Nov 13, 2024	J-GAAP
YoY	-6.5%	-18.5%	-18.4%	-15.6%	-15.5%

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	8,250	400	420	225	12.1	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	7,526	343	385	249	13.4	0	Nov 13, 2024	J-GAAP
Revision Rate	-8.8%	-14.2%	-8.3%	+10.7%	+11.1%

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	8,423	573	598	370	19.9	8	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,324	557	565	326	17.5	8	Nov 13, 2024	J-GAAP
YoY	+10.7%	-2.8%	-5.5%	-11.9%	-11.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,222	699	764	455	24.5	5	May 12, 2023	J-GAAP
Mar, 2024	16,471	994	1,070	665	35.8	8	May 10, 2024	J-GAAP
Mar, 2025 Guidance	16,850	900	950	575	30.9	8	May 10, 2024	J-GAAP
YoY	+2.3%	-9.5%	-11.2%	-13.5%	-13.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,479	307	325	206	11.1	6.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	4,250	261	279	169	9.1	6.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,173	312	319	201	10.8	7.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,639	128	156	104	5.6	3.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,887	215	229	145	7.8	5.5	Nov 13, 2024	J-GAAP
YoY	-13.2%	-30.0%	-29.5%	-29.6%	-29.5%