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KANEFUSA, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 22%, Exceeds Full-Year Plan

Thu Feb 6, 2025 1:40 pm JST Earnings

5984 KANEFUSA CORPORATION 【J-GAAP】

Earnings Report

KANEFUSA CORPORATION <5984> [TSE Std] announced its financial results in the afternoon session on February 6th (13:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 22.0% from the same period last year to 751 million yen. However, the progress rate toward the full-year plan of 600 million yen is 125.2%, already exceeding the target and also exceeding the five-year average of 80.3%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 151 million yen (compared to a profit of 481 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 604 million yen (compared to a loss of 64 million yen in the same period last year). The operating profit margin improved from 2.9% in the same period last year to 3.5%.

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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 16,587 1,506 1,600 1,133 81.5 96.2 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 15,401 813 963 595 42.9 66.7 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 14,656 555 751 1,128 81.2 125.2 Feb 6, 2025 J-GAAP
YoY -4.8% -31.7% -22.0% +89.6% +89.3%

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 9,945 393 417 222 16.0 15 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,636 306 453 861 61.9 15.50 Nov 11, 2024 J-GAAP
YoY -3.1% -22.1% +8.6% +287.8% +287.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 21,119 1,440 1,663 1,276 91.8 28 May 12, 2023 J-GAAP
Mar, 2024 20,080 1,054 1,444 886 63.8 22.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 19,700 700 600 900 64.8 23 Nov 11, 2024 J-GAAP
YoY -1.9% -33.6% -58.4% +1.6% +1.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,266 152 -64 -69 -5.0 2.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 4,679 241 481 291 20.9 5.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,961 152 427 252 18.2 3.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 5,103 242 -280 -213 -15.5 4.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 4,592 161 604 1,089 78.4 3.5 Feb 6, 2025 J-GAAP
YoY -12.8% +5.9% － － －

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