KYORITSU MAINTENANCE, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase, Raises Record High Profit, Dividend Revised Upward by 4 yen

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Fri Feb 7, 2025 3:30 pm JST Earnings

9616 KYORITSU MAINTENANCE CO.,LTD. 【J-GAAP】

Earnings Report

KYORITSU MAINTENANCE CO.,LTD. <9616> [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) expanded 18.4 billion yen, an increase 38.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 13.2%, from the previous forecast of 19 billion yen to 21.5 billion yen (compared to 21.1 billion yen in the previous period), record profits reach two consecutive terms, turning to a 1.8% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 32.1%, from the previous forecast of 7.78 billion yen to 10.2 billion yen (compared to 12.9 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 39.7% to 20.3%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 32 yen to 36 yen (compared to 49 yen before the 2-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 41.5% from the same period last year, reaching 7.22 billion yen. The operating profit margin improved from 9.9% in the same period last year to 12.2%.

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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	129,131	6,825	6,575	4,143	53.1	92.4	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	151,096	13,583	13,320	7,930	101.7	63.1	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	170,442	17,832	18,444	12,752	163.4	85.8	Feb 7, 2025	J-GAAP
YoY	+12.8%	+31.3%	+38.5%	+60.8%	+60.7%

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	114,648	7,882	7,785	4,774	61.2	16	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	118,648	10,382	10,285	6,274	80.4	20	Feb 7, 2025	J-GAAP
Revision Rate	+3.5%	+31.7%	+32.1%	+31.4%	+31.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	226,000	18,500	19,000	12,500	160.1	32	May 15, 2024	J-GAAP
Mar, 2025 New	230,000	21,000	21,500	14,000	179.3	36	Feb 7, 2025	J-GAAP
Revision Rate	+1.8%	+13.5%	+13.2%	+12.0%	+12.0%

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	105,464	8,312	12,904	7,710	98.8	16.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	118,648	10,382	10,285	6,274	80.4	20	Feb 7, 2025	J-GAAP
YoY	+12.5%	+24.9%	-20.3%	-18.6%	-18.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	175,630	7,326	7,115	4,241	54.4	11	May 15, 2023	J-GAAP
Mar, 2024	204,126	16,708	21,116	12,414	159.1	24.50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	230,000	21,000	21,500	14,000	179.3	36	Feb 7, 2025	J-GAAP
YoY	+12.7%	+25.7%	+1.8%	+12.8%	+12.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	52,434	5,187	5,108	3,226	41.4	9.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	53,030	3,125	7,796	4,484	57.5	5.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	52,080	3,821	4,117	2,695	34.6	7.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	59,272	6,797	7,098	5,031	64.5	11.5	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	59,090	7,214	7,229	5,026	64.4	12.2	Feb 7, 2025	J-GAAP
YoY	+12.7%	+39.1%	+41.5%	+55.8%	+55.7%