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KYOWAKOGYOSYO, First Half Ordinary Profit Decreases by 37%, Aug-Oct Ordinary Profit Decreases by 32%

Fri Dec 13, 2024 3:40 pm JST Earnings

5971 KYOWAKOGYOSYO CO.,LTD. 【J-GAAP】

Earnings Report

KYOWAKOGYOSYO CO.,LTD. <5971> [TSE Std] announced its financial results after the market closed on December 13th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) dropped 36.7% from the same period last year to 454 million yen. The progress rate toward the full-year plan of 870 million yen was 52.2%, almost the same as the five-year average of 49.5%.

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 November to April period (second half) is expected to decrease 3.7% from the same period last year to 416 million yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit dropped to 212 million yen, a 32.1% decrease compared to the same period last year. The operating profit margin decreased from 10.1% in the same period last year to 7.9%.

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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
May - Oct, 2022 6,425 361 416 208 153.5 37.7 Dec 12, 2022 J-GAAP
May - Oct, 2023 5,872 644 717 1,143 842.1 62.4 Dec 8, 2023 J-GAAP
May - Oct, 2024 5,119 395 454 311 232.3 52.2 Dec 13, 2024 J-GAAP
YoY -12.8% -38.7% -36.7% -72.8% -72.4%

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 5,000 370 410 280 215.1 0 Jun 14, 2024 J-GAAP
May - Oct, 2024 Results 5,119 395 454 311 232.3 0 Dec 13, 2024 J-GAAP
Revision Rate +2.4% +6.8% +10.7% +11.1% +8.0%

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 5,100 371 432 300 221.0 80 Jun 14, 2024 J-GAAP
Nov - Apr, 2024 Guidance 5,081 385 416 299 229.7 80 Dec 13, 2024 J-GAAP
YoY -0.4% +3.8% -3.7% -0.3% +3.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 13,213 994 1,102 1,092 804.5 80 Jun 9, 2023 J-GAAP
Apr, 2024 10,972 1,015 1,149 1,443 1,063.1 80 Jun 14, 2024 J-GAAP
Apr, 2025 Guidance 10,200 780 870 610 468.7 80 Jun 14, 2024 J-GAAP
YoY -7.0% -23.2% -24.3% -57.7% -55.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 2,845 286 312 220 162.1 10.1 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 2,582 186 236 166 122.3 7.2 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 2,518 185 196 134 98.7 7.3 Jun 14, 2024 J-GAAP
May - Jul, 2024 2,578 193 242 167 123.3 7.5 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 2,541 202 212 144 107.5 7.9 Dec 13, 2024 J-GAAP
YoY -10.7% -29.4% -32.1% -34.5% -33.7%

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