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

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%.

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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 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 23,950 125.9 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% -3.2% -3.2%

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 47,808 251.4 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% -5.9% -5.9%

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 8,534 44.9 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%

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