KANRO, 1% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 13 yen, Plan to Continue the 93 yen Policy This Fiscal Year as Well

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Thu Feb 6, 2025 5:00 pm JST Earnings

2216 KANRO CO.,LTD 【J-GAAP】

Earnings Report

KANRO CO.,LTD <2216> [TSE Std] announced its financial results after the market closed on February 6th (17:00). The ordinary profit (non-consolidated) for the fiscal year ending December 2024 increased 25.7% from the previous period to 4.31 billion yen. In the fiscal year ending December 2025, the profit is nearly flat with a slight increase of 0.6% to 4.34 billion yen, marking the fourth consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 80 yen to 93 yen (compared to 58 yen in the prior term), and has decided to continue with a dividend of 93 yen for the current term as well.

In the most recent three-month period, from October to December (4Q), the ordinary profit amounted to 1.14 billion yen, a 2.1% decrease compared to the same period last year. The operating profit margin decreased from 13.7% in the same period last year to 12.5%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	25,118	1,933	2,001	1,346	96.1	31.50	Feb 7, 2023	J-GAAP
Dec, 2023	29,015	3,388	3,432	2,462	177.1	58	Feb 8, 2024	J-GAAP
Dec, 2024	31,778	4,284	4,315	3,260	232.6	93	Feb 6, 2025	J-GAAP
YoY	+9.5%	+26.4%	+25.7%	+32.4%	+31.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	30,800	3,810	3,830	2,800	199.3	80	Jun 24, 2024	J-GAAP
Dec, 2024 Results	31,778	4,284	4,315	3,260	232.6	93	Feb 6, 2025	J-GAAP
Revision Rate	+3.2%	+12.4%	+12.7%	+16.4%	+16.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	15,563	2,343	2,355	1,767	126.3	35	Jul 29, 2024	J-GAAP
Jan - Jun, 2025 Guidance	16,300	2,140	2,150	1,520	108.2	45	Feb 6, 2025	J-GAAP
YoY	+4.7%	-8.7%	-8.7%	-14.0%	-14.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	29,015	3,388	3,432	2,462	177.1	58	Feb 8, 2024	J-GAAP
Dec, 2024	31,778	4,284	4,315	3,260	232.6	93	Feb 6, 2025	J-GAAP
Dec, 2025 Guidance	33,600	4,320	4,340	3,260	232.1	93	Feb 6, 2025	J-GAAP
YoY	+5.7%	+0.8%	+0.6%	0.0%	-0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,406	1,153	1,170	911	65.5	13.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	7,613	1,212	1,217	941	67.5	15.9	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	7,950	1,131	1,138	826	59.1	14.2	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	7,116	804	814	567	40.5	11.3	Oct 29, 2024	J-GAAP
Oct - Dec, 2024	9,099	1,137	1,146	926	66.1	12.5	Feb 6, 2025	J-GAAP
YoY	+8.2%	-1.4%	-2.1%	+1.6%	+0.8%