KADOKAWA, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 28%, Exceeds Full-Year Plan

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Thu Feb 6, 2025 3:30 pm JST Earnings

9468 KADOKAWA CORPORATION 【J-GAAP】

Earnings Report

KADOKAWA CORPORATION <9468> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 28.5% from the same period last year, reaching 17.2 billion yen. The progress rate toward the full-year plan of 16.2 billion yen is 106.3%, already exceeding the target and also exceeding the five-year average of 83.1%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 1.02 billion yen (compared to a profit of 6.82 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 85.5% from the same period last year, reaching 7.45 billion yen. However, the operating profit margin remained almost flat, changing from 7.5% in the same period last year to 7.4%.

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	189,727	19,429	21,588	12,159	87.2	80.9	Feb 2, 2023	J-GAAP
Apr - Dec, 2023	187,024	13,334	13,408	6,313	46.0	66.3	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	206,587	15,838	17,226	7,366	54.8	106.3	Feb 6, 2025	J-GAAP
YoY	+10.5%	+18.8%	+28.5%	+16.7%	+19.0%

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	133,902	9,850	10,847	7,259	53.2	30	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	135,380	5,674	6,429	5,904	40.3	30	Nov 7, 2024	J-GAAP
YoY	+1.1%	-42.4%	-40.7%	-18.7%	-24.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	255,429	25,931	26,669	12,679	90.9	30	May 11, 2023	J-GAAP
Mar, 2024	258,109	18,454	20,236	11,384	83.4	30	May 9, 2024	J-GAAP
Mar, 2025 Guidance	271,700	16,300	16,200	9,000	61.4	30	Nov 7, 2024	J-GAAP
YoY	+5.3%	-11.7%	-19.9%	-20.9%	-26.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	62,817	4,730	4,019	2,188	16.0	7.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	71,085	5,120	6,828	5,071	37.2	7.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	65,860	6,029	7,699	3,454	25.7	9.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	70,460	4,597	2,072	-358	-2.7	6.5	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	70,267	5,212	7,455	4,270	31.8	7.4	Feb 6, 2025	J-GAAP
YoY	+11.9%	+10.2%	+85.5%	+95.2%	+99.0%