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KYOEI STEEL, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 33%, Oct-Dec Ordinary Profit Decreases by 23%

Fri Jan 31, 2025 1:00 pm JST Earnings

5440 KYOEI STEEL LTD. 【J-GAAP】

Earnings Report

KYOEI STEEL LTD. <5440> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.4% from the same period last year to 9.89 billion yen. The progress rate toward the full-year plan of 15 billion yen was 65.9%, also falling below the five-year average of 76.3%.

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 decrease 17.3% from the same period last year to 5.1 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 3.75 billion yen, a 22.8% decrease compared to the same period last year. The operating profit margin worsened from 5.9% in the same period last year to 4.8%.

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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 271,332 9,089 9,493 6,195 142.6 64.7 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 237,491 14,749 14,860 11,570 266.2 70.6 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 240,399 9,698 9,892 9,135 210.2 65.9 Jan 31, 2025 J-GAAP
YoY +1.2% -34.2% -33.4% -21.0% -21.0%

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 165,444 11,114 11,038 5,965 137.3 75 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 161,963 9,085 8,865 6,934 159.6 60 Oct 31, 2024 J-GAAP
YoY -2.1% -18.3% -19.7% +16.2% +16.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 355,715 14,819 14,671 13,108 301.6 80 Apr 28, 2023 J-GAAP
Mar, 2024 320,982 21,055 21,034 13,826 318.1 90 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 323,000 15,000 15,000 12,000 276.1 90 Oct 31, 2024 J-GAAP
YoY +0.6% -28.8% -28.7% -13.2% -13.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 81,953 4,808 4,864 3,709 85.4 5.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 83,491 6,306 6,174 2,256 51.9 7.6 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 78,290 3,091 3,863 2,632 60.6 3.9 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 82,747 2,824 2,272 2,434 56.0 3.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 79,362 3,783 3,757 4,069 93.6 4.8 Jan 31, 2025 J-GAAP
YoY -3.2% -21.3% -22.8% +9.7% +9.7%

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