CKD, The Current Fiscal Year Ordinary Profit Revised Upward by 6%

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Fri Feb 14, 2025 3:30 pm JST Earnings

6407 CKD Corporation 【J-GAAP】

Earnings Report

CKD Corporation <6407> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 14 billion yen, an increase 45.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 5.7%, from the previous forecast of 17.5 billion yen to 18.5 billion yen (compared to 13 billion yen in the previous period), increasing the growth rate from 34.1% to 41.8%.

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 12.1%, from the previous forecast of 8.27 billion yen to 9.27 billion yen (compared to 6.97 billion yen in the same period of the previous year), increasing the growth rate from 18.7% to 33.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 34.9% from the same period last year, reaching 4.83 billion yen. The operating profit margin rose from 10.5% in the same period last year to 11.7%.

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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	120,138	16,172	16,164	11,228	168.4	76.3	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	100,252	9,613	9,658	6,378	95.6	74.0	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	115,082	13,778	14,059	9,475	141.9	76.0	Feb 14, 2025	J-GAAP
YoY	+14.8%	+43.3%	+45.6%	+48.6%	+48.5%

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	72,239	8,336	8,277	5,460	81.8	41	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	80,739	9,036	9,277	6,060	90.8	41	Feb 14, 2025	J-GAAP
Revision Rate	+11.8%	+8.4%	+12.1%	+11.0%	+11.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	148,000	17,500	17,500	11,800	176.7	79	Nov 12, 2024	J-GAAP
Mar, 2025 New	156,500	18,200	18,500	12,400	185.7	79	Feb 14, 2025	J-GAAP
Revision Rate	+5.7%	+4.0%	+5.7%	+5.1%	+5.1%

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	67,906	7,051	6,975	4,377	65.6	26	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	80,739	9,036	9,277	6,060	90.8	41	Feb 14, 2025	J-GAAP
YoY	+18.9%	+28.2%	+33.0%	+38.5%	+38.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	159,457	21,170	21,181	14,788	221.8	89	May 12, 2023	J-GAAP
Mar, 2024	134,425	13,113	13,048	8,338	124.9	50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	156,500	18,200	18,500	12,400	185.7	79	Feb 14, 2025	J-GAAP
YoY	+16.4%	+38.8%	+41.8%	+48.7%	+48.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	33,733	3,551	3,585	2,417	36.2	10.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	34,173	3,500	3,390	1,960	29.4	10.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	38,078	4,365	4,544	3,062	45.9	11.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	37,683	4,799	4,679	3,278	49.1	12.7	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	39,321	4,614	4,836	3,135	47.0	11.7	Feb 14, 2025	J-GAAP
YoY	+16.6%	+29.9%	+34.9%	+29.7%	+29.6%