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KOITO MANUFACTURING, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 36%, Oct-Dec Ordinary Profit Decreases by 12%

Thu Jan 30, 2025 3:00 pm JST Earnings

7276 KOITO MANUFACTURING CO.,LTD. 【J-GAAP】

Earnings Report

KOITO MANUFACTURING CO.,LTD. <7276> [TSE Prime] announced its financial results in the afternoon session on January 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 35.6% from the same period last year to 34.2 billion yen. The progress rate toward the full-year plan of 46 billion yen was 74.4%, which was higher than the five-year average of 71.7%.

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 for the January to March period (4Q) is expected to grow 16.5% from the same period last year, reaching 11.7 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 14.3 billion yen, a 11.7% decrease compared to the same period last year. The operating profit margin worsened from 6.5% in the same period last year to 5.2%.

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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
Apr - Dec, 2022 635,488 32,157 32,914 21,665 67.4 67.8 Jan 26, 2023 J-GAAP
Apr - Dec, 2023 714,961 48,541 53,149 36,711 117.1 84.0 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 675,171 30,132 34,218 29,218 97.7 74.4 Jan 30, 2025 J-GAAP
YoY -5.6% -37.9% -35.6% -20.4% -16.5%

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 482,142 23,482 26,356 15,355 49.2 28 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 467,927 24,933 26,129 19,718 69.5 28 Oct 29, 2024 J-GAAP
YoY -2.9% +6.2% -0.9% +28.4% +41.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 864,719 46,847 48,532 29,660 92.3 28 Apr 26, 2023 J-GAAP
Mar, 2024 950,295 55,995 63,265 40,879 130.9 53 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 912,000 43,000 46,000 31,000 109.3 56 Oct 29, 2024 J-GAAP
YoY -4.0% -23.2% -27.3% -24.2% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 246,808 16,028 16,240 11,187 35.7 6.5 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 235,334 7,454 10,116 4,168 13.4 3.2 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 229,772 9,045 11,886 7,296 23.9 3.9 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 214,301 9,022 7,985 3,986 13.2 4.2 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 231,098 12,065 14,347 17,936 60.0 5.2 Jan 30, 2025 J-GAAP
YoY -6.4% -24.7% -11.7% +60.3% +68.2%

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