KING, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 12%

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Mon Feb 3, 2025 3:30 pm JST Earnings

8118 KING CO.,Ltd. 【J-GAAP】

Earnings Report

KING CO.,Ltd. <8118> [TSE Std] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 12.0% from the same period last year to 0.72 billion yen. The progress rate toward the full-year plan of 1.18 billion yen was 61.1%, also falling below the five-year average of 76.1%.

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 expand 90.5% from the same period last year, reaching 0.45 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 3.1% from the same period last year, reaching 0.33 billion yen. However, the operating profit margin decreased from 13.9% in the same period last year to 13.4%.

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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	6,088	762	814	546	32.6	72.1	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	6,217	753	819	431	26.6	77.3	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	6,101	638	721	583	36.5	61.1	Feb 3, 2025	J-GAAP
YoY	-1.9%	-15.3%	-12.0%	+35.3%	+37.2%

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	4,477	539	568	205	12.7	18	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,824	780	796	425	26.6	18	Nov 5, 2024	J-GAAP
YoY	+7.8%	+44.7%	+40.1%	+107.3%	+109.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,422	1,073	1,129	755	45.3	17	May 8, 2023	J-GAAP
Mar, 2024	8,548	993	1,060	533	33.0	18	May 7, 2024	J-GAAP
Mar, 2025 Guidance	8,700	1,120	1,180	780	48.8	18	May 7, 2024	J-GAAP
YoY	+1.8%	+12.8%	+11.3%	+46.3%	+47.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,146	299	327	103	6.4	13.9	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	2,331	240	241	102	6.3	10.3	May 7, 2024	J-GAAP
Apr - Jun, 2024	1,880	217	257	153	9.6	11.5	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	1,996	123	127	202	12.6	6.2	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	2,225	298	337	228	14.3	13.4	Feb 3, 2025	J-GAAP
YoY	+3.7%	-0.3%	+3.1%	+121.4%	+124.5%