KEL, Oct-Dec (3Q) Ordinary Profit Increases by 40%

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Fri Feb 7, 2025 1:30 pm JST Earnings

6919 KEL CORPORATION 【J-GAAP】

Earnings Report

KEL CORPORATION <6919> [TSE Std] announced its financial results in the afternoon session on February 7th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 44.4% from the same period last year to 565 million yen. The progress rate toward the full-year plan of 820 million yen was 68.9%, also falling below the five-year average of 71.8%.

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 grow 1.6% from the same period last year, reaching 255 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 40.1% from the same period last year, reaching 234 million yen. However, the operating profit margin drastically worsened from 8.1% in the same period last year to 2.2%.

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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	10,856	1,920	2,002	1,358	187.0	78.9	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	9,303	943	1,017	681	93.8	80.2	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	8,940	476	565	401	55.2	68.9	Feb 7, 2025	J-GAAP
YoY	-3.9%	-49.5%	-44.4%	-41.1%	-41.2%

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	5,859	388	418	277	38.1	48	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,135	486	489	343	47.2	40	Nov 8, 2024	J-GAAP
YoY	+4.7%	+25.3%	+17.0%	+23.8%	+23.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,500	2,400	2,536	1,725	237.5	95	May 10, 2023	J-GAAP
Mar, 2024	12,231	1,095	1,268	852	117.3	95	May 9, 2024	J-GAAP
Mar, 2025 Guidance	12,200	900	820	550	75.6	80	Nov 8, 2024	J-GAAP
YoY	-0.3%	-17.8%	-35.3%	-35.4%	-35.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,931	236	167	106	14.6	8.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	2,928	152	251	171	23.5	5.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,113	238	326	227	31.3	7.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	2,952	176	5	-20	-2.8	6.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	2,875	62	234	194	26.7	2.2	Feb 7, 2025	J-GAAP
YoY	-1.9%	-73.7%	+40.1%	+83.0%	+82.9%