KYOSHIN, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 67% Decrease, Dividend Revised down by 12.43 yen

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Fri Jan 10, 2025 4:00 pm JST Earnings

4735 KYOSHIN CO.,LTD. 【J-GAAP】

Earnings Report

KYOSHIN CO.,LTD. <4735> [TSE Std] announced its financial results after the market closed on January 10th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) significantly dropped 83.3% from the same period last year to 63 million yen, resulting in a decrease in profits compared to the previous forecast of a 29.4% increase.

In addition, the full-year consolidated ordinary profit has decreased 68.5%, from the previous forecast of 875 million yen to 276 million yen (compared to 844 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 67.3% decrease in profit.

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 December to May period (2H) is expected to significant drop 54.3% from the same period last year to 213 million yen.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 20.14 yen to 7.71 yen (compared to 19.46 yen in the previous period).

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit/loss turned to a loss of 157 million yen (compared to a profit of 92 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.8% in the same period last year to -1.6%.

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
Jun - Nov, 2022	12,627	377	367	-110	-14.2	95.3	Jan 12, 2023	J-GAAP
Jun - Nov, 2023	12,869	387	378	148	19.0	44.8	Jan 12, 2024	J-GAAP
Jun - Nov, 2024	12,951	142	63	21	2.8	22.8	Jan 10, 2025	J-GAAP
YoY	+0.6%	-63.3%	-83.3%	-85.8%	-85.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	13,027	471	489	297	38.2	0	Jul 9, 2024	J-GAAP
Jun - Nov, 2024 Results	12,951	142	63	21	2.8	0	Jan 10, 2025	J-GAAP
Revision Rate	-0.6%	-69.9%	-87.1%	-92.9%	-92.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	26,140	904	875	522	67.1	20.14	Jul 9, 2024	J-GAAP
May, 2025 New	26,210	422	276	200	25.7	7.71	Jan 10, 2025	J-GAAP
Revision Rate	+0.3%	-53.3%	-68.5%	-61.7%	-61.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	13,230	486	466	357	45.9	19.46	Jul 9, 2024	J-GAAP
Dec - May, 2024 Guidance	13,259	280	213	179	23.0	7.71	Jan 10, 2025	J-GAAP
YoY	+0.2%	-42.4%	-54.3%	-49.9%	-49.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	25,420	470	385	-316	-40.6	5.47	Jul 14, 2023	J-GAAP
May, 2024	26,099	873	844	505	64.9	19.46	Jul 9, 2024	J-GAAP
May, 2025 Guidance	26,210	422	276	200	25.7	7.71	Jan 10, 2025	J-GAAP
YoY	+0.4%	-51.7%	-67.3%	-60.4%	-60.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	6,324	114	92	28	3.6	1.8	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	6,808	488	487	325	41.8	7.2	Apr 9, 2024	J-GAAP
Mar - May, 2024	6,422	-2	-21	32	4.1	0.0	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	6,626	241	220	129	16.6	3.6	Oct 8, 2024	J-GAAP
Sep - Nov, 2024	6,325	-99	-157	-108	-14.4	-1.6	Jan 10, 2025	J-GAAP
YoY	+0.0%	－	－	－	－