KURODA PRECISION INDUSTRIES, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 49% Decrease, Dividend Revised down by 18 yen

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Thu Feb 13, 2025 3:30 pm JST Earnings

7726 KURODA PRECISION INDUSTRIES LTD. 【J-GAAP】

Earnings Report

KURODA PRECISION INDUSTRIES LTD. <7726> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 42.2% from the same period last year to 0.34 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 59.0%, from the previous forecast of 1.05 billion yen to 0.43 billion yen (compared to 0.84 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 49.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 83.6%, from the previous forecast of 0.74 billion yen to 0.12 billion yen (compared to 0.39 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 68.8% decrease in profit.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 38 yen to 20 yen (compared to 35 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.04 billion yen, a 72.8% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 5.6% in the same period last year to -3.4%.

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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	16,492	975	1,232	751	132.3	80.4	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	13,437	563	604	322	56.6	71.6	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	12,672	275	349	201	35.3	81.2	Feb 13, 2025	J-GAAP
YoY	-5.7%	-51.2%	-42.2%	-37.6%	-37.7%

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	11,217	694	742	491	86.0	38	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	8,517	34	122	-89	-15.6	20	Feb 13, 2025	J-GAAP
Revision Rate	-24.1%	-95.1%	-83.6%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	20,000	1,100	1,050	700	122.6	38	May 13, 2024	J-GAAP
Mar, 2025 New	17,300	440	430	120	21.0	20	Feb 13, 2025	J-GAAP
Revision Rate	-13.5%	-60.0%	-59.0%	-82.9%	-82.9%

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	9,562	272	391	214	37.6	35	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,517	34	122	-89	-15.6	20	Feb 13, 2025	J-GAAP
YoY	-10.9%	-87.5%	-68.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,746	1,284	1,533	906	159.5	40	May 12, 2023	J-GAAP
Mar, 2024	18,504	583	844	498	87.5	35	May 13, 2024	J-GAAP
Mar, 2025 Guidance	17,300	440	430	120	21.0	20	Feb 13, 2025	J-GAAP
YoY	-6.5%	-24.5%	-49.1%	-75.9%	-76.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	4,495	252	151	38	6.7	5.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	5,067	20	240	176	30.9	0.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	4,117	206	362	199	35.0	5.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,666	200	-54	10	1.8	4.3	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	3,889	-131	41	-8	-1.4	-3.4	Feb 13, 2025	J-GAAP
YoY	-13.5%	－	-72.8%	－	－