Kyoritsu Computer & Communication Co.,Ltd., First Half Ordinary Profit Decreases by 4%, July-September Ordinary Profit Decreases by 9%

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Wed Nov 13, 2024 4:00 pm JST Earnings

3670 Kyoritsu Computer & Communication Co.,Ltd. 【J-GAAP】

Earnings Report

Kyoritsu Computer & Communication Co.,Ltd. <3670> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.2% from the same period last year to 92 million yen. The progress rate against the 355 million yen full-year plan was 25.9%, also falling below the same period of the previous year of 33.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 39.2% from the same period last year, reaching 263 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 73 million yen, a 8.8% decrease compared to the same period last year. However, the operating profit margin improved from 5.2% in the same period last year to 6.4%.

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	2,268	73	78	47	39.8	40.6	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	2,466	89	96	133	111.8	33.7	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	2,158	90	92	61	51.3	25.9	Nov 13, 2024	J-GAAP
YoY	-12.5%	+1.1%	-4.2%	-54.1%	-54.1%

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 9, 2024	J-GAAP
Apr - Sep, 2024 Results	2,158	90	92	61	51.3	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	3,003	194	189	125	104.4	55	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,342	260	263	169	141.1	55	Nov 13, 2024	J-GAAP
YoY	+11.3%	+34.0%	+39.2%	+35.2%	+35.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,983	184	192	123	102.8	55	May 10, 2023	J-GAAP
Mar, 2024	5,469	283	285	258	215.5	55	May 9, 2024	J-GAAP
Mar, 2025 Guidance	5,500	350	355	230	192.0	55	May 9, 2024	J-GAAP
YoY	+0.6%	+23.7%	+24.6%	-10.9%	-10.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,432	75	80	125	105.1	5.2	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	1,545	91	90	62	51.9	5.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	1,458	103	99	63	52.6	7.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	1,038	18	19	10	8.8	1.7	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	1,120	72	73	51	42.9	6.4	Nov 13, 2024	J-GAAP
YoY	-21.8%	-4.0%	-8.8%	-59.2%	-59.2%