KYB, Oct-Dec (3Q) Net Income Increases by 44%, Current Fiscal Year Dividend Revised Upward by 10 yen

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Wed Feb 12, 2025 4:00 pm JST Earnings

7242 KYB Corporation 【IFRS】

Earnings Report

KYB Corporation <7242> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 12th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 16.2% from the same period last year to 9.18 billion yen. The progress rate toward the full-year plan of 13.5 billion yen was 68.0%, which was higher than the five-year average of 54.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 11.2% from the same period last year to 4.31 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 150 yen to 160 yen (compared to 200 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 net income increased 43.6% from the same period last year, reaching 4 billion yen. The operating profit margin improved from 3.9% in the same period last year to 6.4%.

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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	316,817	20,419	20,139	14,974	279.3	63.4	Feb 8, 2023	IFRS
Apr - Dec, 2023	328,736	15,388	14,605	10,957	202.6	68.4	Feb 8, 2024	IFRS
Apr - Dec, 2024	322,828	15,291	14,661	9,184	169.5	71.5	Feb 12, 2025	IFRS
YoY	-1.8%	-0.6%	+0.4%	-16.2%	-16.4%

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	234,543	14,166	12,744	8,318	171.8	50	Nov 11, 2024	IFRS
Oct - Mar, 2024 New	234,543	14,166	12,744	8,318	171.8	60	Feb 12, 2025	IFRS
Revision Rate	0.0%	0.0%	0.0%	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	448,000	22,500	20,500	13,500	278.8	100	May 10, 2024	IFRS
Mar, 2025 New	448,000	22,500	20,500	13,500	278.8	110	Feb 12, 2025	IFRS
Revision Rate	0.0%	0.0%	0.0%	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	224,875	11,296	10,691	7,648	142.5	50	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	234,543	14,166	12,744	8,318	171.8	60	Feb 12, 2025	IFRS
YoY	+4.3%	+25.4%	+19.2%	+8.8%	+20.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	431,205	32,547	31,770	27,210	514.2	100	May 11, 2023	IFRS
Mar, 2024	442,781	22,417	21,361	15,818	294.8	100	May 10, 2024	IFRS
Mar, 2025 Guidance	448,000	22,500	20,500	13,500	278.8	110	Feb 12, 2025	IFRS
YoY	+1.2%	+0.4%	-4.0%	-14.7%	-5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	110,830	4,267	3,935	2,787	51.5	3.9	Feb 8, 2024	IFRS
Jan - Mar, 2024	114,045	7,029	6,756	4,861	90.6	6.2	May 10, 2024	IFRS
Apr - Jun, 2024	108,746	6,101	5,830	3,906	73.3	5.6	Aug 8, 2024	IFRS
Jul - Sep, 2024	104,711	2,233	1,926	1,276	23.2	2.1	Nov 11, 2024	IFRS
Oct - Dec, 2024	109,371	6,957	6,905	4,002	73.8	6.4	Feb 12, 2025	IFRS
YoY	-1.3%	+63.0%	+75.5%	+43.6%	+43.3%