KITOKU SHINRYO, Last Fiscal Year Ordinary Profit Revised Upward to an Unexpected 11% Increase, Raises Record High Profit, Dividend Revised Upward by 30 yen

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Tue Jan 28, 2025 3:30 pm JST Revision

2700 KITOKU SHINRYO CO., LTD. 【J-GAAP】

Guidance Update Report

KITOKU SHINRYO CO., LTD. <2700> [TSE Std] announced a revision to its performance and dividend after the market closed on January 28th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward 20.0%, from the previous forecast of 2 billion yen to 2.4 billion yen (compared to 2.15 billion yen in the previous period), record profits reach two consecutive terms, turning to a 11.5% increase in the consolidated ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated ordinary profit is expected to increase 48.3%, from the previous forecast of 0.82 billion yen to 1.22 billion yen (compared to 0.72 billion yen in the same period of the previous year), increasing the growth rate from 14.5% to 69.8%.

In light of the strong performance, the company has significantly increased its planned annual dividend for the last fiscal year from the original plan of 100 yen to 130 yen (compared to 80 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	58,810	841	828	469	287.0	70	Oct 24, 2024	J-GAAP
Jul - Dec, 2024 New	58,810	1,241	1,228	869	534.7	100	Jan 28, 2025	J-GAAP
Revision Rate	0.0%	+47.6%	+48.3%	+85.3%	+86.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	118,000	1,900	2,000	1,300	795.6	100	Oct 24, 2024	J-GAAP
Dec, 2024 New	118,000	2,300	2,400	1,700	1,046.0	130	Jan 28, 2025	J-GAAP
Revision Rate	0.0%	+21.1%	+20.0%	+30.8%	+31.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	58,002	702	723	498	307.5	50	Feb 15, 2024	J-GAAP
Jul - Dec, 2024 Guidance	58,810	1,241	1,228	869	534.7	100	Jan 28, 2025	J-GAAP
YoY	+1.4%	+76.8%	+69.8%	+74.5%	+73.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	104,704	1,316	1,371	1,038	641.0	60	Feb 16, 2023	J-GAAP
Dec, 2023	114,835	2,061	2,153	1,478	912.7	80	Feb 15, 2024	J-GAAP
Dec, 2024 Guidance	118,000	2,300	2,400	1,700	1,046.0	130	Jan 28, 2025	J-GAAP
YoY	+2.8%	+11.6%	+11.5%	+15.0%	+14.6%