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

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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%