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KOSE R.E., February-October (Third Quarter Cumulative) Operating Profit Turns to Loss, August-October Operating Profit Loss Widens

Mon Dec 9, 2024 3:30 pm JST Earnings

3246 KOSE R.E. Co.,Ltd. 【J-GAAP】

Earnings Report

KOSE R.E. Co.,Ltd. <3246> [TSE Std] announced its financial results after the market closed on December 9th (15:30). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending January 2025 (February to October) turned into a loss of 18 million yen (compared to a profit of 1.29 billion yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the November to January period (4Q) is expected to nearly flat at 322 million yen, up 0.9% from the same period last year.

In the most recent three-month period, from August to October (3Q), the consolidated operating loss expanded to a loss of 181 million yen (compared to a loss of 135 million yen in the same period last year). The operating profit/loss margin drastically worsened from -16.2% in the same period last year to -19.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Feb - Oct, 2022 5,396 665 842 575 56.6 45.7 Dec 8, 2022 J-GAAP
Feb - Oct, 2023 7,959 1,299 1,470 998 98.3 80.4 Dec 11, 2023 J-GAAP
Feb - Oct, 2024 4,452 -18 119 83 8.2 28.8 Dec 9, 2024 J-GAAP
YoY -44.1% － -91.9% -91.7% -91.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 3,035 184 272 197 19.4 36 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 Guidance 5,688 141 167 105 10.3 24 Sep 12, 2024 J-GAAP
YoY +87.4% -23.4% -38.6% -46.7% -46.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 10,995 1,630 1,843 1,259 124.1 36 Mar 13, 2023 J-GAAP
Jan, 2024 10,162 1,618 1,829 1,262 124.3 36 Mar 14, 2024 J-GAAP
Jan, 2025 Guidance 9,200 304 413 279 27.5 24 Mar 14, 2024 J-GAAP
YoY -9.5% -81.2% -77.4% -77.9% -77.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 832 -135 -87 -67 -6.6 -16.2 Dec 11, 2023 J-GAAP
Nov - Jan, 2023 2,203 319 359 264 26.0 14.5 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 1,271 -33 8 0 0.1 -2.6 Jun 10, 2024 J-GAAP
May - Jul, 2024 2,241 196 238 174 17.2 8.7 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 940 -181 -127 -91 -9.0 -19.3 Dec 9, 2024 J-GAAP
YoY +13.0% -34.1% -46.0% -35.8% -35.8%

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