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Kura Sushi, 16% Decrease in Ordinary Profit for The Current Fiscal Year

Wed Dec 11, 2024 3:30 pm JST Earnings

2695 Kura Sushi,Inc. 【J-GAAP】

Earnings Report

Kura Sushi,Inc. <2695> [TSE Prime] announced its financial results after the market closed on December 11th (15:30). The consolidated ordinary profit for the fiscal year ending October 2024 expanded 2.2 times that of the previous period to 6.22 billion yen. However, for the fiscal year ending October 2025, the profit is expected to decrease 16.5% from the previous period to 5.2 billion yen.

At the same time, the company increased the annual dividend for the previous term from 20 yen to 40 yen (compared to 20 yen in the prior term). For the current term, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 20 yen.

In the most recent three-month period, from August to October (4Q), the consolidated ordinary profit/loss turned to a loss of 593 million yen (compared to a profit of 3.05 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 5.0% in the same period last year to -1.1%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 183,053 -1,113 2,457 744 18.8 20 Dec 12, 2022 J-GAAP
Oct, 2023 211,405 2,456 2,882 863 21.7 20 Dec 12, 2023 J-GAAP
Oct, 2024 234,950 5,699 6,224 3,226 81.2 40 Dec 11, 2024 J-GAAP
YoY +11.1% +132.0% +116.0% +273.8% +273.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Guidance 234,000 5,500 6,000 3,500 88.1 20 Jun 10, 2024 J-GAAP
Oct, 2024 Results 234,950 5,699 6,224 3,226 81.2 40 Dec 11, 2024 J-GAAP
Revision Rate +0.4% +3.6% +3.7% -7.8% -7.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 116,071 5,636 5,996 3,948 99.4 0 Jun 10, 2024 J-GAAP
Nov - Apr, 2024 Guidance ー ー ー ー － 0 Dec 11, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 211,405 2,456 2,882 863 21.7 20 Dec 12, 2023 J-GAAP
Oct, 2024 234,950 5,699 6,224 3,226 81.2 40 Dec 11, 2024 J-GAAP
Oct, 2025 Guidance 243,000 5,000 5,200 3,400 85.6 20 Dec 11, 2024 J-GAAP
YoY +3.4% -12.3% -16.5% +5.4% +5.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 56,338 2,832 3,052 1,512 38.1 5.0 Dec 12, 2023 J-GAAP
Nov - Jan, 2023 56,110 1,748 1,853 1,264 31.8 3.1 Mar 12, 2024 J-GAAP
Feb - Apr, 2024 59,961 3,888 4,143 2,684 67.5 6.5 Jun 10, 2024 J-GAAP
May - Jul, 2024 57,822 726 821 493 12.4 1.3 Sep 9, 2024 J-GAAP
Aug - Oct, 2024 61,057 -663 -593 -1,215 -30.6 -1.1 Dec 11, 2024 J-GAAP
YoY +8.4% － － － －

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