Kohjin Bio Co.,Ltd., First Half Ordinary Profit Increases by 14 times

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Thu Nov 14, 2024 3:30 pm JST Earnings

177A Kohjin Bio Co.,Ltd.

Earnings Report

Kohjin Bio Co.,Ltd. <177A> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 14 times that of the same period last year, reaching 416 million yen. The progress rate against the 876 million yen full-year plan was 47.5%, exceeding the same period of the previous year of 4.7%.

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 24.0% from the same period last year to 460 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 191 million yen, a 1.0% decrease compared to the same period last year. The operating profit margin decreased from 17.2% in the same period last year to 13.7%.

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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, 2024	2,507	379	416	277	55.7	47.5	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

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	－	－	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	2,507	379	416	277	55.7	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	2,559	590	605	442	106.4	14	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,345	478	460	352	68.9	14	Nov 14, 2024	J-GAAP
YoY	-8.4%	-19.0%	-24.0%	-20.4%	-35.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	4,770	596	635	384	92.4	14	May 15, 2024	J-GAAP
Mar, 2025 Guidance	4,852	857	876	629	123.1	14	May 15, 2024	J-GAAP
YoY	+1.7%	+43.8%	+38.0%	+63.8%	+33.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2024	1,226	226	238	177	42.6	18.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,241	206	225	162	33.6	16.6	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,266	173	191	115	23.1	13.7	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－