KAWAMOTO, The Current Fiscal Year Ordinary Profit Revised Upward by 24%, Postponed Dividend for This Fiscal Year

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Fri Feb 7, 2025 4:30 pm JST Earnings

3604 KAWAMOTO CORPORATION 【J-GAAP】

Earnings Report

KAWAMOTO CORPORATION <3604> [TSE Std] announced its financial results after the market closed on February 7th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 678 million yen, an increase 53.0% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 23.8%, from the previous forecast of 650 million yen to 805 million yen (compared to 563 million yen in the previous period), increasing the growth rate from 15.5% to 43.0%.

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) is expected to increase 49.8%, from the previous forecast of 311 million yen to 466 million yen (compared to 345 million yen in the same period of the previous year), turning to a 35.1% increase in the consolidated ordinary profit outlook.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the year-end lump-sum dividend of 20 yen for the current fiscal year.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 50.7% from the same period last year, reaching 339 million yen. The operating profit margin improved from 2.9% in the same period last year to 3.7%.

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	23,116	515	584	585	101.0	70.9	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	22,305	320	443	330	57.1	78.7	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	25,066	627	678	449	77.6	84.2	Feb 7, 2025	J-GAAP
YoY	+12.4%	+95.9%	+53.0%	+36.1%	+36.0%

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	14,771	196	311	217	37.4	20	Nov 5, 2024	J-GAAP
Oct - Mar, 2024 New	16,627	453	466	228	39.3	0	Feb 7, 2025	J-GAAP
Revision Rate	+12.6%	+131.1%	+49.8%	+5.1%	+5.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	31,000	500	650	455	78.5	20	May 8, 2024	J-GAAP
Mar, 2025 New	32,856	757	805	466	80.4	0	Feb 7, 2025	J-GAAP
Revision Rate	+6.0%	+51.4%	+23.8%	+2.4%	+2.4%

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	15,027	310	345	223	38.6	18	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,627	453	466	228	39.3	0	Feb 7, 2025	J-GAAP
YoY	+10.6%	+46.1%	+35.1%	+2.2%	+2.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,403	692	824	747	129.0	16	May 9, 2023	J-GAAP
Mar, 2024	29,631	410	563	401	69.3	18	May 8, 2024	J-GAAP
Mar, 2025 Guidance	32,856	757	805	466	80.4	0	Feb 7, 2025	J-GAAP
YoY	+10.9%	+84.6%	+43.0%	+16.2%	+16.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,701	220	225	152	26.3	2.9	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	7,326	90	120	71	12.3	1.2	May 8, 2024	J-GAAP
Apr - Jun, 2024	8,009	72	128	57	9.9	0.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	8,220	232	211	181	31.3	2.8	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	8,837	323	339	211	36.5	3.7	Feb 7, 2025	J-GAAP
YoY	+14.8%	+46.8%	+50.7%	+38.8%	+38.7%