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

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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%.

Kabutan News

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%