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KAITORI OKOKU, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 18%, The Undetermined Dividend Set at 10 yen

Tue Jan 14, 2025 3:00 pm JST Earnings

3181 KAITORI OKOKU CO.,LTD. 【J-GAAP】

Earnings Report

KAITORI OKOKU CO.,LTD. <3181> [TSE Std] announced its financial results in the afternoon session on January 14th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 17.9% from the same period last year to 322 million yen. However, the progress rate toward the full-year plan of 429 million yen was 75.1%, also surpassing the five-year average of 64.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to February period (4Q) is expected to decrease 18.3% from the same period last year to 107 million yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 10 yen for the current fiscal year, which was previously undecided (compared to 10 yen in the prior term).

In the most recent three-month period, from September to November (3Q), the ordinary profit decreased to 122 million yen, a 20.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.8% in the same period last year to 4.9%.

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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 4,233 282 309 189 52.6 73.6 Jan 13, 2023 J-GAAP
Mar - Nov, 2023 4,884 370 392 251 69.3 75.0 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 5,511 292 322 234 64.3 75.1 Jan 14, 2025 J-GAAP
YoY +12.8% -21.1% -17.9% -6.8% -7.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Prev 4,200 210 229 156 42.7 － Oct 15, 2024 J-GAAP
Sep - Feb, 2024 New 4,200 210 229 156 42.7 10 Jan 14, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 7,701 403 429 307 84.1 － Oct 15, 2024 J-GAAP
Feb, 2025 New 7,701 403 429 307 84.1 10 Jan 14, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 3,522 271 285 208 57.4 10 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,200 210 229 156 42.7 10 Jan 14, 2025 J-GAAP
YoY +19.3% -22.5% -19.6% -25.0% -25.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 5,865 387 420 273 76.1 8 Apr 14, 2023 J-GAAP
Feb, 2024 6,739 495 523 360 99.4 10 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 7,701 403 429 307 84.1 10 Jan 14, 2025 J-GAAP
YoY +14.3% -18.6% -18.0% -14.7% -15.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,667 146 154 99 27.3 8.8 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,855 125 131 109 30.1 6.7 Apr 15, 2024 J-GAAP
Mar - May, 2024 1,706 129 137 109 30.1 7.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,795 64 63 42 11.6 3.6 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 2,010 99 122 83 22.8 4.9 Jan 14, 2025 J-GAAP
YoY +20.6% -32.2% -20.8% -16.2% -16.5%

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