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KUREHA, Apr-Dec (Cumulative 3Q) Net Income Decreases by 21%, Exceeds Full-Year Plan

Mon Feb 10, 2025 3:30 pm JST Earnings

4023 KUREHA CORPORATION 【IFRS】

Earnings Report

KUREHA CORPORATION <4023> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 10th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 20.9% from the same period last year to 8.09 billion yen. However, the progress rate toward the full-year plan of 7 billion yen is 115.7%, already exceeding the target and also exceeding the five-year average of 108.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the January to March period (4Q) is expected to expand to a loss of 1.09 billion yen (compared to a loss of 0.5 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 2.44 billion yen, a 28.9% decrease compared to the same period last year. The operating profit margin significantly dropped from 14.2% in the same period last year to 8.7%.

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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 148,980 24,483 25,053 17,657 301.6 109.0 Feb 7, 2023 IFRS
Apr - Dec, 2023 132,854 15,457 16,323 10,238 180.7 117.3 Feb 7, 2024 IFRS
Apr - Dec, 2024 122,012 10,461 11,100 8,096 153.2 105.7 Feb 10, 2025 IFRS
YoY -8.2% -32.3% -32.0% -20.9% -15.2%

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 89,483 3,652 4,054 2,937 52.2 43.34 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 78,359 3,041 3,057 1,349 27.1 43.35 Nov 11, 2024 IFRS
YoY -12.4% -16.7% -24.6% -54.1% -48.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 191,277 22,350 22,992 16,868 288.1 90 May 12, 2023 IFRS
Mar, 2024 177,973 12,800 13,913 9,734 173.0 86.67 May 13, 2024 IFRS
Mar, 2025 Guidance 160,000 10,000 10,500 7,000 140.7 86.70 Nov 11, 2024 IFRS
YoY -10.1% -21.9% -24.5% -28.1% -18.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 44,364 6,309 6,464 3,441 60.7 14.2 Feb 7, 2024 IFRS
Jan - Mar, 2024 45,119 -2,657 -2,410 -504 -9.0 -5.9 May 13, 2024 IFRS
Apr - Jun, 2024 41,934 3,200 3,762 2,870 52.7 7.6 Aug 8, 2024 IFRS
Jul - Sep, 2024 39,707 3,759 3,681 2,781 51.8 9.5 Nov 11, 2024 IFRS
Oct - Dec, 2024 40,371 3,502 3,657 2,445 46.3 8.7 Feb 10, 2025 IFRS
YoY -9.0% -44.5% -43.4% -28.9% -23.8%

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