Kyoei Security Service Co., Ltd., First Half Ordinary Profit Increases by 18%, July-September Ordinary Profit Increases by 54%

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Thu Nov 14, 2024 3:30 pm JST Earnings

7058 Kyoei Security Service Co., Ltd. 【J-GAAP】

Earnings Report

Kyoei Security Service Co., Ltd. <7058> [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) increased by 18.4% from the same period last year, reaching 270 million yen. The progress rate against the 500 million yen full-year plan was 54.0%, it was below the five-year average of 58.2%.

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 expand by 43.8% from the same period last year, reaching 230 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 54.3% from the same period last year, reaching 142 million yen. The operating profit margin improved from 3.9% in the same period last year to 5.3%.

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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	3,914	321	340	269	185.9	64.0	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	4,321	186	228	144	99.5	58.8	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	5,056	252	270	116	80.4	54.0	Nov 14, 2024	J-GAAP
YoY	+17.0%	+35.5%	+18.4%	-19.4%	-19.2%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	5,056	252	270	116	80.4	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	5,033	123	160	104	71.9	90	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,944	248	230	216	149.3	90	Nov 14, 2024	J-GAAP
YoY	-1.8%	+101.6%	+43.8%	+107.7%	+107.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,017	489	531	451	311.4	90	May 12, 2023	J-GAAP
Mar, 2024	9,354	309	388	248	171.4	90	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,000	500	500	332	229.4	90	May 15, 2024	J-GAAP
YoY	+6.9%	+61.8%	+28.9%	+33.9%	+33.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,170	85	92	57	39.4	3.9	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	2,534	66	82	51	35.3	2.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,499	57	78	53	36.6	2.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,531	118	128	58	40.5	4.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,525	134	142	58	40.2	5.3	Nov 14, 2024	J-GAAP
YoY	+16.4%	+57.6%	+54.3%	+1.8%	+2.1%