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KINDEN, The Current Fiscal Year Ordinary Profit Revised Upward by 13%, Exceeded Record Profit Forecast, Dividend Revised Upward by 2 yen

Fri Jan 31, 2025 3:30 pm JST Earnings

1944 KINDEN CORPORATION 【J-GAAP】

Earnings Report

KINDEN CORPORATION <1944> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 33.8 billion yen, an increase 45.0% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 13.3%, from the previous forecast of 49 billion yen to 55.5 billion yen (compared to 45.9 billion yen in the previous period), increasing the growth rate from 6.6% to 20.7%. The company has further increased its previous forecast of record profits for the first time in five years.

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 18.7%, from the previous forecast of 34.6 billion yen to 41.1 billion yen (compared to 35 billion yen in the same period of the previous year), turning to a 17.6% 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 80 yen to 82 yen (compared to 63 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 57.8% from the same period last year, reaching 19.5 billion yen. The operating profit margin significantly improved from 7.3% in the same period last year to 10.7%.

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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 402,673 13,567 16,161 11,035 53.8 40.2 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 427,112 20,620 23,329 17,585 86.5 50.7 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 464,585 30,707 33,829 24,430 122.0 61.0 Jan 31, 2025 J-GAAP
YoY +8.8% +48.9% +45.0% +38.9% +41.0%

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 361,960 34,124 34,684 26,285 132.1 40 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 391,960 39,124 41,184 30,185 151.7 42 Jan 31, 2025 J-GAAP
Revision Rate +8.3% +14.7% +18.7% +14.8% +14.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 660,000 47,000 49,000 36,100 181.4 80 Oct 31, 2024 J-GAAP
Mar, 2025 New 690,000 52,000 55,500 40,000 201.0 82 Jan 31, 2025 J-GAAP
Revision Rate +4.5% +10.6% +13.3% +10.8% +10.8%

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 383,846 33,542 35,018 26,056 128.4 43 Apr 24, 2024 J-GAAP
Oct - Mar, 2024 Guidance 391,960 39,124 41,184 30,185 151.7 42 Jan 31, 2025 J-GAAP
YoY +2.1% +16.6% +17.6% +15.8% +18.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 609,132 37,430 40,243 28,722 140.2 40 Apr 26, 2023 J-GAAP
Mar, 2024 654,516 42,677 45,982 33,553 165.3 63 Apr 24, 2024 J-GAAP
Mar, 2025 Guidance 690,000 52,000 55,500 40,000 201.0 82 Jan 31, 2025 J-GAAP
YoY +5.4% +21.8% +20.7% +19.2% +21.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 156,442 11,485 12,365 10,088 49.6 7.3 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 227,404 22,057 22,653 15,968 78.7 9.7 Apr 24, 2024 J-GAAP
Apr - Jun, 2024 133,244 1,963 3,813 2,237 11.1 1.5 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 164,796 10,913 10,503 7,578 37.8 6.6 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 166,545 17,831 19,513 14,615 73.0 10.7 Jan 31, 2025 J-GAAP
YoY +6.5% +55.3% +57.8% +44.9% +47.1%

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