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

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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%.

Kabutan News

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%