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KINKI SHARYO, The Current Fiscal Year Ordinary Profit Revised Upward by 2.0 times

Thu Feb 13, 2025 3:30 pm JST Earnings

7122 THE KINKI SHARYO CO.,LTD. 【J-GAAP】

Earnings Report

THE KINKI SHARYO CO.,LTD. <7122> [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) significantly dropped 73.5% from the same period last year to 1.01 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 2.0 times, from the previous forecast of 0.1 billion yen to 0.2 billion yen (compared to 5 billion yen in the previous period), and the declining rate is expected to decrease from 98.0% to 96.0%.

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) has been revised upward 2.2 times, from the previous forecast of 0.08 billion yen to 0.18 billion yen (compared to 2.68 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 97.0% to 93.3%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.99 billion yen, a 34.0% decrease compared to the same period last year. The operating profit margin sharply declined from 13.6% 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 27,066 1,862 2,092 2,064 300.0 163.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 29,739 3,495 3,834 3,375 490.5 76.6 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 21,548 614 1,017 1,007 146.4 508.5 Feb 13, 2025 J-GAAP
YoY -27.5% -82.4% -73.5% -70.2% -70.1%

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 18,412 -243 81 93 13.5 50 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 17,412 -43 181 93 13.5 50 Feb 13, 2025 J-GAAP
Revision Rate -5.4% +82.3% +123.5% 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 32,000 100 100 100 14.5 50 May 13, 2024 J-GAAP
Mar, 2025 New 31,000 300 200 100 14.5 50 Feb 13, 2025 J-GAAP
Revision Rate -3.1% +200.0% +100.0% 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 27,083 2,669 2,686 2,479 360.3 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 17,412 -43 181 93 13.5 50 Feb 13, 2025 J-GAAP
YoY -35.7% -93.3% -96.2% -96.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,873 1,229 1,283 1,183 172.0 50 May 12, 2023 J-GAAP
Mar, 2024 43,154 4,306 5,008 4,373 635.6 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 31,000 300 200 100 14.5 50 Feb 13, 2025 J-GAAP
YoY -28.2% -93.0% -96.0% -97.7% -97.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 13,668 1,858 1,512 1,481 215.2 13.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 13,415 811 1,174 998 145.1 6.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 7,264 495 880 822 119.5 6.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 6,324 -152 -861 -815 -133.9 -2.4 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 7,960 271 998 1,000 145.4 3.4 Feb 13, 2025 J-GAAP
YoY -41.8% -85.4% -34.0% -32.5% -32.4%

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