KANEMATSU ENGINEERING, The Current Fiscal Year Ordinary Profit Revised Upward by 12%, Dividend Revised Upward by 6 yen

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Fri Feb 7, 2025 3:40 pm JST Earnings

6402 KANEMATSU ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

KANEMATSU ENGINEERING CO.,LTD. <6402> [TSE Std] announced its financial results after the market closed on February 7th (15:40). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 889 million yen, an increase 57.1% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 11.8%, from the previous forecast of 850 million yen to 950 million yen (compared to 829 million yen in the previous period), increasing the growth rate from 2.5% to 14.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 40.2%, from the previous forecast of 249 million yen to 349 million yen (compared to 422 million yen in the same period of the previous year), and the declining rate is expected to decrease from 41.0% to 17.3%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 46 yen (compared to 44 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 81.1% from the same period last year, reaching 288 million yen. The operating profit margin significantly improved from 4.9% in the same period last year to 8.3%.

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	8,368	577	596	400	83.1	81.4	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	9,029	551	566	388	79.6	68.3	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	10,450	873	889	615	125.9	93.6	Feb 7, 2025	J-GAAP
YoY	+15.7%	+58.4%	+57.1%	+58.5%	+58.2%

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	5,465	242	249	174	35.6	40	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	5,965	342	349	234	47.9	46	Feb 7, 2025	J-GAAP
Revision Rate	+9.1%	+41.3%	+40.2%	+34.5%	+34.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	12,500	830	850	590	120.7	40	May 13, 2024	J-GAAP
Mar, 2025 New	13,000	930	950	650	133.0	46	Feb 7, 2025	J-GAAP
Revision Rate	+4.0%	+12.0%	+11.8%	+10.2%	+10.2%

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	6,563	412	422	339	69.6	44	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,965	342	349	234	47.9	46	Feb 7, 2025	J-GAAP
YoY	-9.1%	-17.0%	-17.3%	-31.0%	-31.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,335	709	732	754	156.2	55	May 12, 2023	J-GAAP
Mar, 2024	12,403	808	829	618	126.8	44	May 13, 2024	J-GAAP
Mar, 2025 Guidance	13,000	930	950	650	133.0	46	Feb 7, 2025	J-GAAP
YoY	+4.8%	+15.1%	+14.6%	+5.2%	+4.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,189	155	159	109	22.4	4.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,374	257	263	230	47.2	7.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,296	222	231	159	32.6	6.7	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	3,739	366	370	257	52.7	9.8	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	3,415	285	288	199	40.7	8.3	Feb 7, 2025	J-GAAP
YoY	+7.1%	+83.9%	+81.1%	+82.6%	+82.3%