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

Thu Nov 14, 2024 3:30 pm JST Earnings

7686 HitoMile 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 46.0 10 Nov 14, 2024 J-GAAP
YoY +7.8% +29.6% +28.6% +13.8% +12.2%

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 55.9 20 Sep 18, 2024 J-GAAP
YoY +5.7% +4.6% +2.5% +0.3% -1.1%

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%

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