KAWATA MFG, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 23%, Exceeds Full-Year Plan

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Fri Jan 31, 2025 12:00 pm JST Earnings

6292 KAWATA MFG. CO., LTD. 【J-GAAP】

Earnings Report

KAWATA MFG. CO., LTD. <6292> [TSE Std] announced its financial results at noon (12:00) on January 31st. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 23.1% from the same period last year to 667 million yen. However, the progress rate toward the full-year plan of 660 million yen is 101.1%, already exceeding the target and also exceeding the five-year average of 69.8%.

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 7 million yen (compared to a profit of 547 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.9 times that of the same period last year, reaching 378 million yen. The operating profit margin significantly improved from 2.5% in the same period last year to 6.8%.

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	13,380	307	427	150	21.5	52.5	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	18,191	812	867	568	81.5	61.3	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	14,825	622	667	397	56.9	101.1	Jan 31, 2025	J-GAAP
YoY	-18.5%	-23.4%	-23.1%	-30.1%	-30.2%

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	12,120	585	643	403	57.7	20.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,183	364	371	261	37.4	20.50	Oct 31, 2024	J-GAAP
YoY	+0.5%	-37.8%	-42.3%	-35.2%	-35.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,826	638	813	351	50.3	41	May 11, 2023	J-GAAP
Mar, 2024	24,494	1,249	1,414	929	133.1	41	May 10, 2024	J-GAAP
Mar, 2025 Guidance	22,100	650	660	400	57.3	41	May 10, 2024	J-GAAP
YoY	-9.8%	-48.0%	-53.3%	-56.9%	-56.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,817	148	96	42	6.0	2.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	6,303	437	547	361	51.7	6.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,752	124	249	145	20.9	2.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	5,165	162	40	-6	-0.9	3.1	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	4,908	336	378	258	37.0	6.8	Jan 31, 2025	J-GAAP
YoY	-15.6%	+127.0%	+293.8%	+514.3%	+514.3%