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Kanemi, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 6%, Sep-Nov Ordinary Profit Increases by 38%

Tue Jan 14, 2025 3:00 pm JST Earnings

2669 Kanemi Co.,Ltd. 【J-GAAP】

Earnings Report

Kanemi Co.,Ltd. <2669> [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) increased 6.0% from the same period last year, reaching 2.61 billion yen. The progress rate toward the full-year plan of 3.3 billion yen was 79.1%, also surpassing the five-year average of 63.6%.

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 8.2% from the same period last year to 0.69 billion yen.

In the most recent three-month period, from September to November (3Q), the ordinary profit increased 37.8% from the same period last year, reaching 0.81 billion yen. The operating profit margin improved from 2.7% in the same period last year to 3.5%.

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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 60,089 1,846 1,897 1,241 128.3 69.2 Jan 10, 2023 J-GAAP
Mar - Nov, 2023 64,498 2,420 2,463 1,568 162.1 76.6 Jan 11, 2024 J-GAAP
Mar - Nov, 2024 67,782 2,572 2,610 1,694 175.1 79.1 Jan 14, 2025 J-GAAP
YoY +5.1% +6.3% +6.0% +8.0% +8.0%

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 44,188 1,319 1,340 638 66.0 19 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 43,740 1,473 1,500 728 75.2 19 Oct 11, 2024 J-GAAP
YoY -1.0% +11.7% +11.9% +14.1% +14.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 81,059 2,686 2,742 1,720 177.9 36 Apr 10, 2023 J-GAAP
Feb, 2024 87,107 3,162 3,215 1,854 191.7 38 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 89,100 3,250 3,300 1,900 196.4 38 Apr 10, 2024 J-GAAP
YoY +2.3% +2.8% +2.6% +2.5% +2.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 21,579 577 588 352 36.4 2.7 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 22,609 742 752 286 29.6 3.3 Apr 10, 2024 J-GAAP
Mar - May, 2024 22,277 787 791 514 53.2 3.5 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 23,083 990 1,009 658 68.1 4.3 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 22,422 795 810 522 54.0 3.5 Jan 14, 2025 J-GAAP
YoY +3.9% +37.8% +37.8% +48.3% +48.3%

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