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Kintetsu Department Store, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 39%, Sep-Nov Ordinary Profit Increases by 65%

Fri Jan 10, 2025 3:30 pm JST Earnings

8244 Kintetsu Department Store CO.,Ltd. 【J-GAAP】

Earnings Report

Kintetsu Department Store CO.,Ltd. <8244> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded 2.65 billion yen, an increase 39.5% compared to the same period last year. However, the progress rate toward the full-year plan of 5.4 billion yen was 49.1%, almost the same as the same period of the previous year of 49.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to expand 40.0% from the same period last year, reaching 2.74 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 64.8% from the same period last year, reaching 0.83 billion yen. The operating profit margin improved from 1.8% in the same period last year to 3.3%.

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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
Mar - Nov, 2022 76,587 -433 -70 272 6.8 ー Jan 12, 2023 J-GAAP
Mar - Nov, 2023 82,207 1,987 1,903 1,537 38.4 49.2 Jan 10, 2024 J-GAAP
Mar - Nov, 2024 83,165 2,879 2,654 1,716 43.0 49.1 Jan 10, 2025 J-GAAP
YoY +1.2% +44.9% +39.5% +11.6% +12.0%

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 57,525 2,397 2,467 1,595 39.9 10 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 60,215 3,717 3,580 1,977 51.1 20 Oct 11, 2024 J-GAAP
YoY +4.7% +55.1% +45.1% +23.9% +28.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 107,848 1,566 1,945 1,893 47.4 10 Apr 11, 2023 J-GAAP
Feb, 2024 113,506 3,902 3,864 2,777 69.4 10 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 116,000 5,700 5,400 3,400 87.9 20 Oct 11, 2024 J-GAAP
YoY +2.2% +46.1% +39.8% +22.4% +26.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 26,226 482 506 355 8.9 1.8 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 31,299 1,915 1,961 1,240 31.0 6.1 Apr 10, 2024 J-GAAP
Mar - May, 2024 27,622 1,010 954 789 19.7 3.7 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 28,163 973 866 634 15.8 3.5 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 27,380 896 834 293 7.3 3.3 Jan 10, 2025 J-GAAP
YoY +4.4% +85.9% +64.8% -17.5% -17.2%

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