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KANSAI PAINT, The Current Fiscal Year Ordinary Profit Revised Downward by 3%

Fri Feb 7, 2025 3:30 pm JST Earnings

4613 KANSAI PAINT CO.,LTD. 【J-GAAP】

Earnings Report

KANSAI PAINT CO.,LTD. <4613> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 5.4% from the same period last year to 41.7 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 3.3%, from the previous forecast of 60 billion yen to 58 billion yen (compared to 57.6 billion yen in the previous period), leading to a reduction in the profit growth rate from 4.0% to 0.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 5.9%, from the previous forecast of 34 billion yen to 32 billion yen (compared to 25.6 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 32.8% to 25.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 30.5% from the same period last year, reaching 15.7 billion yen. However, the operating profit margin decreased from 10.6% in the same period last year to 8.6%.

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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 383,008 24,167 28,805 16,788 68.9 71.6 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 422,294 41,390 44,189 53,943 237.6 76.6 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 444,752 39,247 41,795 32,917 170.1 72.1 Feb 7, 2025 J-GAAP
YoY +5.3% -5.2% -5.4% -39.0% -28.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 315,943 29,664 34,004 24,315 138.0 22 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 285,943 25,664 32,004 24,315 138.0 22 Feb 7, 2025 J-GAAP
Revision Rate -9.5% -13.5% -5.9% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 610,000 56,000 60,000 40,000 227.0 44 May 10, 2024 J-GAAP
Mar, 2025 New 580,000 52,000 58,000 40,000 227.0 44 Feb 7, 2025 J-GAAP
Revision Rate -4.9% -7.1% -3.3% 0.0% 0.0%

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 288,272 25,861 25,601 20,657 92.1 22 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 285,943 25,664 32,004 24,315 138.0 22 Feb 7, 2025 J-GAAP
YoY -0.8% -0.8% +25.0% +17.7% +49.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 509,070 32,077 40,216 25,195 104.6 30 May 11, 2023 J-GAAP
Mar, 2024 562,277 51,595 57,685 67,109 299.2 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 580,000 52,000 58,000 40,000 227.0 44 Feb 7, 2025 J-GAAP
YoY +3.2% +0.8% +0.5% -40.4% -24.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 148,289 15,656 12,105 7,491 33.0 10.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 139,983 10,205 13,496 13,166 58.7 7.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 145,397 15,114 19,924 11,873 57.5 10.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 148,660 11,222 6,072 3,812 19.1 7.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 150,695 12,911 15,799 17,232 89.1 8.6 Feb 7, 2025 J-GAAP
YoY +1.6% -17.5% +30.5% +130.0% +170.0%

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