Kakuyasu Group Co., Ltd., First Half Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 52%

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Thu Nov 14, 2024 3:30 pm JST Earnings

7686 Kakuyasu Group Co., Ltd. 【J-GAAP】

Earnings Report

Kakuyasu Group Co., Ltd. <7686> [TSE-S] 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) dropped by 37.4% from the same period last year to 713 million yen. The progress rate against the 2.95 billion yen full-year plan was 24.2%, also falling below the same period of the previous year of 39.6%.

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 grow by 28.6% from the same period last year, reaching 2.23 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 257 million yen, a 52.5% decrease compared to the same period last year. The operating profit margin worsened from 1.6% in the same period last year to 0.8%.

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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	53,797	-684	-688	-780	-27.9	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	63,679	1,131	1,139	437	15.5	39.6	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	65,959	751	713	282	9.9	24.2	Nov 14, 2024	J-GAAP
YoY	+3.6%	-33.6%	-37.4%	-35.5%	-36.1%

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	66,400	850	820	250	8.8	10	Sep 18, 2024	J-GAAP
Apr - Sep, 2024 Results	65,959	751	713	282	9.9	10	Nov 14, 2024	J-GAAP
Revision Rate	-0.7%	-11.6%	-13.0%	+12.8%	+13.2%

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	65,727	1,736	1,739	1,158	41.0	8.34	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	70,841	2,249	2,237	1,318	46.1	10	Nov 14, 2024	J-GAAP
YoY	+7.8%	+29.6%	+28.6%	+13.8%	+12.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	114,960	803	800	609	21.8	10	May 15, 2023	J-GAAP
Mar, 2024	129,406	2,867	2,878	1,595	56.5	16.67	May 15, 2024	J-GAAP
Mar, 2025 Guidance	136,800	3,000	2,950	1,600	56.0	20	Sep 18, 2024	J-GAAP
YoY	+5.7%	+4.6%	+2.5%	+0.3%	-0.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	32,561	530	541	105	3.7	1.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	34,911	1,293	1,304	811	28.8	3.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	30,816	443	435	347	12.3	1.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	33,036	482	456	252	8.9	1.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	32,923	269	257	30	1.1	0.8	Nov 14, 2024	J-GAAP
YoY	+1.1%	-49.2%	-52.5%	-71.4%	-71.6%