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KYOWA LEATHER CLOTH, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 25%, Oct-Dec Ordinary Profit Decreases by 32%

Wed Feb 5, 2025 3:30 pm JST Earnings

3553 KYOWA LEATHER CLOTH CO.,LTD 【J-GAAP】

Earnings Report

KYOWA LEATHER CLOTH CO.,LTD <3553> [TSE Std] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 25.4% from the same period last year to 1.74 billion yen. The progress rate toward the full-year plan of 2.65 billion yen was 65.7%, which was higher than the five-year average of 63.5%.

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 surge 2.4 times that of the same period last year, reaching 0.91 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.9 billion yen, a 31.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.3% in the same period last year to 5.2%.

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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 33,847 -159 200 111 4.6 33.8 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 38,872 2,261 2,331 1,649 68.4 86.2 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 40,152 1,654 1,740 1,138 47.7 65.7 Feb 5, 2025 J-GAAP
YoY +3.3% -26.8% -25.4% -31.0% -30.4%

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 27,998 1,683 1,703 1,311 54.4 18 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,900 1,677 1,816 1,219 51.2 16 Oct 30, 2024 J-GAAP
YoY -3.9% -0.4% +6.6% -7.0% -6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,792 237 591 347 14.4 20 May 9, 2023 J-GAAP
Mar, 2024 52,037 2,567 2,704 1,958 81.3 32 May 8, 2024 J-GAAP
Mar, 2025 Guidance 53,000 2,600 2,650 1,750 73.4 32 May 8, 2024 J-GAAP
YoY +1.9% +1.3% -2.0% -10.6% -9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 14,833 1,377 1,330 1,002 41.6 9.3 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 13,165 306 373 309 12.8 2.3 May 8, 2024 J-GAAP
Apr - Jun, 2024 12,342 420 529 353 14.7 3.4 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 13,758 503 305 178 7.5 3.7 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 14,052 731 906 607 25.4 5.2 Feb 5, 2025 J-GAAP
YoY -5.3% -46.9% -31.9% -39.4% -38.9%

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