KANEMITSU, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 10%, Oct-Dec Ordinary Profit Decreases by 42%

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Thu Feb 13, 2025 3:30 pm JST Earnings

7208 KANEMITSU CORPORATION 【J-GAAP】

Earnings Report

KANEMITSU CORPORATION <7208> [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) decreased 9.6% from the same period last year to 547 million yen. The progress rate toward the full-year plan of 700 million yen was 78.1%, below the five-year average of 83.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 153 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 199 million yen, a 42.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.9% in the same period last year to 6.3%.

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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	7,198	186	242	277	54.2	49.7	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	8,384	534	605	522	102.3	90.2	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	8,295	490	547	392	76.7	78.1	Feb 13, 2025	J-GAAP
YoY	-1.1%	-8.2%	-9.6%	-24.9%	-25.0%

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	5,775	347	411	403	78.9	15	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,092	385	352	234	45.8	15	Nov 13, 2024	J-GAAP
YoY	+5.5%	+11.0%	-14.4%	-41.9%	-42.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,024	425	487	538	105.2	28.50	May 11, 2023	J-GAAP
Mar, 2024	11,091	576	671	632	123.7	29.50	May 9, 2024	J-GAAP
Mar, 2025 Guidance	11,600	700	700	500	97.8	30	May 9, 2024	J-GAAP
YoY	+4.6%	+21.5%	+4.3%	-20.9%	-20.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,068	305	345	293	57.4	9.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,707	42	66	110	21.5	1.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	2,711	109	129	77	15.1	4.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	2,797	206	219	189	37.0	7.4	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	2,787	175	199	126	24.6	6.3	Feb 13, 2025	J-GAAP
YoY	-9.2%	-42.6%	-42.3%	-57.0%	-57.1%