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Kyokuto, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 13%, Exceeds Full-Year Plan

Fri Jan 10, 2025 3:00 pm JST Earnings

2300 Kyokuto Co.,Ltd. 【J-GAAP】

Earnings Report

Kyokuto Co.,Ltd. <2300> [TSE Std] announced its financial results in the afternoon session on January 10th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 12.9% from the same period last year, reaching 358 million yen. The progress rate toward the full-year plan of 250 million yen is 143.2%, but it was lower than the same period of the previous year of 194.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the December to February period (4Q) is expected to further decrease loss of 108 million yen (compared to a loss of 154 million yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the ordinary loss expanded to a loss of 61 million yen (compared to a loss of 55 million yen in the same period last year). The operating profit/loss margin remained almost flat, changing from -7.0% in the same period last year to -7.1%.

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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
Mar - Nov, 2022 3,783 91 156 108 35.9 ー Jan 10, 2023 J-GAAP
Mar - Nov, 2023 3,939 258 317 188 35.8 194.5 Jan 10, 2024 J-GAAP
Mar - Nov, 2024 4,332 292 358 242 46.2 143.2 Jan 10, 2025 J-GAAP
YoY +10.0% +13.2% +12.9% +28.7% +28.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 2,055 -250 -209 -110 -20.9 5.50 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 2,148 -224 -169 -142 -27.0 5.50 Oct 4, 2024 J-GAAP
YoY +4.5% +10.4% +19.1% -29.1% -29.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 4,688 -177 -93 -169 -32.3 6 May 31, 2023 J-GAAP
Feb, 2024 4,917 83 163 119 22.6 8.50 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 5,330 150 250 150 28.5 11 Apr 15, 2024 J-GAAP
YoY +8.4% +80.7% +53.4% +26.1% +26.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,077 -75 -55 -41 -7.8 -7.0 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 978 -175 -154 -69 -13.1 -17.9 Apr 15, 2024 J-GAAP
Mar - May, 2024 2,034 504 531 367 69.8 24.8 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 1,148 -130 -112 -75 -14.3 -11.3 Oct 4, 2024 J-GAAP
Sep - Nov, 2024 1,150 -82 -61 -50 -9.5 -7.1 Jan 10, 2025 J-GAAP
YoY +6.8% -9.3% -10.9% -22.0% -22.2%

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