KANEKA, The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Dividend Revised Upward by 10 yen

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Thu Feb 13, 2025 4:00 pm JST Earnings

4118 KANEKA CORPORATION 【J-GAAP】

Earnings Report

KANEKA CORPORATION <4118> [TSE Prime] announced its financial results after the market closed on February 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 26 billion yen, an increase 34.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 5.9%, from the previous forecast of 34 billion yen to 36 billion yen (compared to 29.2 billion yen in the previous period), increasing the growth rate from 16.4% to 23.2%.

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) is expected to increase 10.2%, from the previous forecast of 19.6 billion yen to 21.6 billion yen (compared to 16.4 billion yen in the same period of the previous year), increasing the growth rate from 19.0% to 31.1%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 120 yen to 130 yen (compared to 110 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 76.7% from the same period last year, reaching 11.6 billion yen. The operating profit margin remained almost flat, changing from 4.6% in the same period last year to 4.8%.

Kabutan News

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	567,143	27,621	26,601	18,890	286.6	82.1	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	564,728	21,611	19,351	13,438	207.0	66.2	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	603,048	29,135	26,068	17,736	280.7	72.4	Feb 13, 2025	J-GAAP
YoY	+6.8%	+34.8%	+34.7%	+32.0%	+35.6%

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	394,037	18,899	19,609	14,338	227.8	60	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	404,037	20,899	21,609	14,838	235.8	70	Feb 13, 2025	J-GAAP
Revision Rate	+2.5%	+10.6%	+10.2%	+3.5%	+3.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	790,000	38,000	34,000	24,500	389.3	120	May 14, 2024	J-GAAP
Mar, 2025 New	800,000	40,000	36,000	25,000	397.2	130	Feb 13, 2025	J-GAAP
Revision Rate	+1.3%	+5.3%	+5.9%	+2.0%	+2.0%

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	392,186	19,973	16,481	14,323	220.8	55	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	404,037	20,899	21,609	14,838	235.8	70	Feb 13, 2025	J-GAAP
YoY	+3.0%	+4.6%	+31.1%	+3.6%	+6.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	755,821	35,087	32,411	23,008	349.6	110	May 12, 2023	J-GAAP
Mar, 2024	762,302	32,579	29,222	23,220	357.9	110	May 14, 2024	J-GAAP
Mar, 2025 Guidance	800,000	40,000	36,000	25,000	397.2	130	Feb 13, 2025	J-GAAP
YoY	+4.9%	+22.8%	+23.2%	+7.7%	+11.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	194,612	9,005	6,610	4,541	70.0	4.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	197,574	10,968	9,871	9,782	150.8	5.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	198,382	10,276	10,146	7,033	110.4	5.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	197,581	8,825	4,245	3,129	49.4	4.5	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	207,085	10,034	11,677	7,574	119.9	4.8	Feb 13, 2025	J-GAAP
YoY	+6.4%	+11.4%	+76.7%	+66.8%	+71.3%