Kintetsu Group Holdings Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 1%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 3:30 pm JST Earnings

9041 Kintetsu Group Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Kintetsu Group Holdings Co.,Ltd. <9041> [TSE-P] 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) decreased by 6.5% from the same period last year to 37.8 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 1.3%, from the previous forecast of 79 billion yen to 80 billion yen (compared to 84.6 billion yen in the previous period), and the declining rate is expected to decrease from 6.7% to 5.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 4.5% from the same period last year to 42.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 15.6 billion yen, a 26.1% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 4.1%.

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	623,066	13,076	21,920	61,321	322.4	29.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	803,623	43,060	40,509	23,858	125.5	47.9	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	853,363	39,504	37,867	21,824	114.8	47.3	Nov 14, 2024	J-GAAP
YoY	+6.2%	-8.3%	-6.5%	-8.5%	-8.5%

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	850,000	35,000	32,000	16,000	84.1	25	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	853,363	39,504	37,867	21,824	114.8	25	Nov 14, 2024	J-GAAP
Revision Rate	+0.4%	+12.9%	+18.3%	+36.4%	+36.4%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,780,000	88,000	79,000	44,000	231.4	50	May 15, 2024	J-GAAP
Mar, 2025 New	1,790,000	88,000	80,000	45,000	236.6	50	Nov 14, 2024	J-GAAP
Revision Rate	+0.6%	0.0%	+1.3%	+2.3%	+2.3%

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	825,906	44,370	44,129	24,215	127.3	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	936,637	48,496	42,133	23,176	121.9	25	Nov 14, 2024	J-GAAP
YoY	+13.4%	+9.3%	-4.5%	-4.3%	-4.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,561,002	67,144	74,612	88,779	466.8	50	Jun 2, 2023	J-GAAP
Mar, 2024	1,629,529	87,430	84,638	48,073	252.8	50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	1,790,000	88,000	80,000	45,000	236.6	50	Nov 14, 2024	J-GAAP
YoY	+9.8%	+0.7%	-5.5%	-6.4%	-6.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	404,078	21,049	21,154	13,456	70.8	5.2	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	413,774	26,136	25,611	15,416	81.1	6.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	412,132	18,234	18,518	8,799	46.3	4.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	420,161	21,774	22,235	12,699	66.8	5.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	433,202	17,730	15,632	9,125	48.0	4.1	Nov 14, 2024	J-GAAP
YoY	+7.2%	-15.8%	-26.1%	-32.2%	-32.2%