KOA, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 76%, Exceeds Full-Year Plan

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Mon Jan 27, 2025 3:30 pm JST Earnings

6999 KOA CORPORATION 【J-GAAP】

Earnings Report

KOA CORPORATION <6999> [TSE Prime] announced its financial results after the market closed on January 27th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 76.3% from the same period last year to 0.88 billion yen. The progress rate toward the full-year plan of 0.83 billion yen is 106.7%, already exceeding the target and also exceeding the five-year average of 71.6%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.05 billion yen (compared to a profit of 0.74 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.05 billion yen, a 27.0% decrease compared to the same period last year. The operating profit margin sharply declined from 10.3% in the same period last year to 0.6%.

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
Apr - Dec, 2022	57,310	8,679	8,877	6,038	162.9	84.2	Jan 27, 2023	J-GAAP
Apr - Dec, 2023	49,217	3,068	3,741	2,393	64.5	83.4	Jan 26, 2024	J-GAAP
Apr - Dec, 2024	47,749	562	886	470	12.7	106.7	Jan 27, 2025	J-GAAP
YoY	-3.0%	-81.7%	-76.3%	-80.4%	-80.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	31,309	1,862	2,187	1,247	33.6	25	Apr 23, 2024	J-GAAP
Oct - Mar, 2024 Guidance	30,906	676	997	652	17.6	15	Oct 23, 2024	J-GAAP
YoY	-1.3%	-63.7%	-54.4%	-47.7%	-47.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	75,072	10,222	10,538	7,367	198.8	50	Apr 25, 2023	J-GAAP
Mar, 2024	64,835	3,313	4,485	2,769	74.7	50	Apr 23, 2024	J-GAAP
Mar, 2025 Guidance	62,800	1,150	830	80	2.2	40	Oct 23, 2024	J-GAAP
YoY	-3.1%	-65.3%	-81.5%	-97.1%	-97.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	15,691	1,617	1,443	871	23.5	10.3	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	15,618	245	744	376	10.1	1.6	Apr 23, 2024	J-GAAP
Apr - Jun, 2024	16,211	230	666	369	10.0	1.4	Jul 23, 2024	J-GAAP
Jul - Sep, 2024	15,683	244	-833	-941	-25.4	1.6	Oct 23, 2024	J-GAAP
Oct - Dec, 2024	15,855	88	1,053	1,042	28.1	0.6	Jan 27, 2025	J-GAAP
YoY	+1.0%	-94.6%	-27.0%	+19.6%	+19.6%