Katakura & Co-op Agri Corporation, First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Turns to Profit

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Thu Nov 14, 2024 2:00 pm JST Earnings

4031 Katakura & Co-op Agri Corporation 【J-GAAP】

Earnings Report

Katakura & Co-op Agri Corporation <4031> [TSE-S] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 83 million yen (compared to a loss of 180 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 1.08 billion yen (compared to a loss of 606 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 43 million yen (compared to a loss of 310 million yen in the same period last year). The operating profit/loss margin significantly improved from -4.0% in the same period last year to 0.0%.

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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	22,855	1,947	1,965	1,293	144.4	55.7	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	18,858	-237	-180	-140	-15.7	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	18,237	-104	-83	-65	-7.3	ー	Nov 14, 2024	J-GAAP
YoY	-3.3%	+56.1%	+53.9%	+53.6%	+53.3%

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 15, 2024	J-GAAP
Apr - Sep, 2024 Results	18,237	-104	-83	-65	-7.3	0	Nov 14, 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	22,375	-615	-606	-490	-54.7	20	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,763	1,104	1,083	665	74.1	34	Nov 14, 2024	J-GAAP
YoY	+28.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	51,031	3,557	3,525	2,172	242.5	121	May 15, 2023	J-GAAP
Mar, 2024	41,233	-852	-786	-630	-70.4	20	May 15, 2024	J-GAAP
Mar, 2025 Guidance	47,000	1,000	1,000	600	66.9	34	May 15, 2024	J-GAAP
YoY	+14.0%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,456	-340	-310	-204	-22.9	-4.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	10,360	-830	-837	-598	-66.8	-8.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,015	215	231	108	12.1	1.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	9,843	-104	-126	-95	-10.7	-1.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,394	0	43	30	3.4	0.0	Nov 14, 2024	J-GAAP
YoY	-0.7%	－	－	－	－