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KAWASAKI SETSUBI, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 56%, Oct-Dec Ordinary Profit Increases by 6%

Fri Jan 31, 2025 1:00 pm JST Earnings

1777 KAWASAKI SETSUBI KOGYO CO., LTD. 【J-GAAP】

Earnings Report

KAWASAKI SETSUBI KOGYO CO., LTD. <1777> [NSE Main] announced its financial results in the afternoon session on January 31st (13:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.15 billion yen, an increase 56.4% compared to the same period last year. However, the progress rate toward the full-year plan of 1.82 billion yen was 63.6%, almost the same as the five-year average of 65.3%.

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 January to March period (4Q) is expected to grow 8.0% from the same period last year, reaching 0.66 billion yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 6.3% from the same period last year, reaching 0.53 billion yen. However, the operating profit margin worsened from 8.3% in the same period last year to 7.1%.

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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 14,146 630 655 425 35.5 61.0 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 15,615 725 740 485 40.6 54.7 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 18,395 1,133 1,157 744 62.2 63.6 Jan 31, 2025 J-GAAP
YoY +17.8% +56.3% +56.4% +53.4% +53.3%

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 12,841 1,104 1,118 696 58.2 14 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,474 1,091 1,199 828 69.2 20 Oct 31, 2024 J-GAAP
YoY +28.3% -1.2% +7.2% +19.0% +18.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,809 1,040 1,074 707 59.1 18 Apr 28, 2023 J-GAAP
Mar, 2024 22,482 1,333 1,354 845 70.7 22 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 27,500 1,700 1,820 1,210 101.1 31 Oct 31, 2024 J-GAAP
YoY +22.3% +27.5% +34.4% +43.2% +43.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,974 496 504 336 28.1 8.3 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 6,867 608 614 360 30.1 8.9 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 4,617 151 158 102 8.5 3.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 6,409 458 463 280 23.5 7.1 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 7,369 524 536 362 30.3 7.1 Jan 31, 2025 J-GAAP
YoY +23.4% +5.6% +6.3% +7.7% +7.6%

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