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

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%.

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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%

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