Kakiyasu Honten, The Current Fiscal Year Ordinary Profit Revised Downward by 18%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Dec 12, 2024 3:30 pm JST Earnings

2294 Kakiyasu Honten Co.,Ltd. 【J-GAAP】

Earnings Report

Kakiyasu Honten Co.,Ltd. <2294> [TSE Prime] announced its financial results after the market closed on December 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) dropped 42.4% from the same period last year to 361 million yen, fell short of the previous forecast of 600 million yen.

In addition, the full-year consolidated ordinary profit has downwardly 18.2%, from the previous forecast of 2.2 billion yen to 1.8 billion yen (compared to 2.23 billion yen in the previous period), leading to an increase in the profit decline rate from 1.5% to 19.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the November to April period (second half) is expected to decrease 10.4% from the same period last year to 1.43 billion yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit significantly dropped to 95 million yen, a 64.6% decrease compared to the same period last year. The operating profit margin worsened from 3.1% in the same period last year to 1.1%.

Kabutan News

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
Mar - Aug, 2022 Changed	17,871	1,245	1,285	827	79.1	36.0	Oct 14, 2022	J-GAAP
May - Oct, 2023	17,404	610	627	357	34.1	28.1	Dec 12, 2023	J-GAAP
May - Oct, 2024	16,808	343	361	177	17.7	20.1	Dec 12, 2024	J-GAAP
YoY	-3.4%	-43.8%	-42.4%	-50.4%	-48.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Guidance	17,400	600	600	350	36.5	0	Jun 11, 2024	J-GAAP
May - Oct, 2024 Results	16,808	343	361	177	17.7	0	Dec 12, 2024	J-GAAP
Revision Rate	-3.4%	-42.8%	-39.8%	-49.4%	-51.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2025 Prev	37,500	2,200	2,200	1,400	146.2	85	Jun 11, 2024	J-GAAP
Apr, 2025 New	36,200	1,800	1,800	1,100	114.8	85	Dec 12, 2024	J-GAAP
Revision Rate	-3.5%	-18.2%	-18.2%	-21.4%	-21.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov - Apr, 2023	19,648	1,590	1,606	1,043	99.6	85	Jun 11, 2024	J-GAAP
Nov - Apr, 2024 Guidance	19,392	1,457	1,439	923	96.4	85	Dec 12, 2024	J-GAAP
YoY	-1.3%	-8.4%	-10.4%	-11.5%	-3.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023 Changed	43,910	3,509	3,566	2,205	210.6	85	Jun 14, 2023	J-GAAP
Apr, 2024	37,052	2,200	2,233	1,400	133.7	85	Jun 11, 2024	J-GAAP
Apr, 2025 Guidance	36,200	1,800	1,800	1,100	114.8	85	Dec 12, 2024	J-GAAP
YoY	-2.3%	-18.2%	-19.4%	-21.4%	-14.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	8,427	258	268	155	14.8	3.1	Dec 12, 2023	J-GAAP
Nov - Jan, 2023	11,218	1,224	1,233	836	79.9	10.9	Mar 12, 2024	J-GAAP
Feb - Apr, 2024	8,430	366	373	207	19.8	4.3	Jun 11, 2024	J-GAAP
May - Jul, 2024	8,619	251	266	143	13.7	2.9	Sep 12, 2024	J-GAAP
Aug - Oct, 2024	8,189	92	95	34	3.4	1.1	Dec 12, 2024	J-GAAP
YoY	-2.8%	-64.3%	-64.6%	-78.1%	-77.1%