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

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 74.2 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 67.0 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% － － － －

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