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Katakura&Coop Agri, The Current Fiscal Year Ordinary Profit Revised Downward by 60%, Dividend Revised down by 25.5 yen

Fri Feb 14, 2025 2:00 pm JST Earnings

4031 Katakura & Co-op Agri Corporation 【J-GAAP】

Earnings Report

Katakura & Co-op Agri Corporation <4031> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was a reduced loss of 0.01 billion yen (compared to a loss of 1.01 billion yen in the same period last year).

However, the full-year consolidated ordinary profit has decreased 60.0%, from the previous forecast of 1 billion yen to 0.4 billion yen (compared to a loss of 0.78 billion yen in the previous period).

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 55.4%, from the previous forecast of 1.08 billion yen to 0.48 billion yen (compared to a loss of 0.6 billion yen in the same period of the previous year).

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 34 yen to 8.5 yen (compared to 20 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 0.06 billion yen (compared to a loss of 0.83 billion yen in the same period last year). The operating profit/loss margin drastically improved from -8.0% in the same period last year to 0.5%.

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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 37,431 3,179 3,202 2,145 239.4 90.8 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 29,218 -1,067 -1,017 -738 -82.4 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 29,191 -44 -16 -39 -4.4 ー Feb 14, 2025 J-GAAP
YoY -0.1% +95.9% +98.4% +94.7% +94.7%

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 28,763 1,104 1,083 665 74.2 34 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 23,763 454 483 215 24.0 8.50 Feb 14, 2025 J-GAAP
Revision Rate -17.4% -58.9% -55.4% -67.7% -67.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 47,000 1,000 1,000 600 67.0 34 May 15, 2024 J-GAAP
Mar, 2025 New 42,000 350 400 150 16.7 8.50 Feb 14, 2025 J-GAAP
Revision Rate -10.6% -65.0% -60.0% -75.0% -75.0%

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 22,375 -615 -606 -490 -54.7 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,763 454 483 215 24.0 8.50 Feb 14, 2025 J-GAAP
YoY +6.2% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,031 3,557 3,525 2,172 242.5 121 May 15, 2023 J-GAAP
Mar, 2024 41,233 -852 -786 -630 -70.4 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 42,000 350 400 150 16.7 8.50 Feb 14, 2025 J-GAAP
YoY +1.9% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,360 -830 -837 -598 -66.8 -8.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 12,015 215 231 108 12.1 1.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,843 -104 -126 -95 -10.7 -1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,394 0 43 30 3.4 0.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 10,954 60 67 26 2.9 0.5 Feb 14, 2025 J-GAAP
YoY +5.7% － － － －

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