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

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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%