KYUDENKO, The Current Fiscal Year Ordinary Profit Revised Upward by 9%, Raises Record High Profit Forecast, Dividend Revised Upward by 10 yen

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Fri Jan 31, 2025 3:00 pm JST Earnings

1959 KYUDENKO CORPORATION 【J-GAAP】

Earnings Report

KYUDENKO CORPORATION <1959> [TSE Prime] announced its financial results in the afternoon session on January 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 20.8% from the same period last year, reaching 31.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 9.3%, from the previous forecast of 43 billion yen to 47 billion yen (compared to 42.3 billion yen in the previous period), increasing the growth rate from 1.5% to 10.9%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 17.3%, from the previous forecast of 23.1 billion yen to 27.1 billion yen (compared to 26.5 billion yen in the same period of the previous year), turning to a 1.9% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 130 yen to 140 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 12.8% from the same period last year, reaching 11.8 billion yen. The operating profit margin improved from 8.3% in the same period last year to 10.2%.

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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	251,255	15,612	18,257	14,844	209.5	51.5	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	315,067	23,225	26,271	17,050	240.9	62.0	Jan 29, 2024	J-GAAP
Apr - Dec, 2024	329,074	29,470	31,744	20,825	294.4	67.5	Jan 31, 2025	J-GAAP
YoY	+4.4%	+26.9%	+20.8%	+22.1%	+22.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	280,697	21,246	23,104	15,832	223.8	65	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	250,697	25,746	27,104	17,832	252.1	75	Jan 31, 2025	J-GAAP
Revision Rate	-10.7%	+21.2%	+17.3%	+12.6%	+12.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	500,000	39,500	43,000	29,000	410.0	130	Apr 26, 2024	J-GAAP
Mar, 2025 New	470,000	44,000	47,000	31,000	438.3	140	Jan 31, 2025	J-GAAP
Revision Rate	-6.0%	+11.4%	+9.3%	+6.9%	+6.9%

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	268,440	24,324	26,596	17,857	252.3	65	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	250,697	25,746	27,104	17,832	252.1	75	Jan 31, 2025	J-GAAP
YoY	-6.6%	+5.8%	+1.9%	-0.1%	-0.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	395,783	32,083	35,462	26,349	371.9	110	Apr 28, 2023	J-GAAP
Mar, 2024	469,057	38,016	42,362	28,017	395.9	120	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	470,000	44,000	47,000	31,000	438.3	140	Jan 31, 2025	J-GAAP
YoY	+0.2%	+15.7%	+10.9%	+10.6%	+10.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	114,450	9,533	10,505	6,890	97.3	8.3	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	153,990	14,791	16,091	10,967	155.0	9.6	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	107,205	10,263	11,147	7,758	109.7	9.6	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	112,098	7,991	8,749	5,410	76.5	7.1	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	109,771	11,216	11,848	7,657	108.3	10.2	Jan 31, 2025	J-GAAP
YoY	-4.1%	+17.7%	+12.8%	+11.1%	+11.2%