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KOKEN, Apr-Jun (2Q) Ordinary Profit Decreases by 47%
7963 KOKEN LTD. 【J-GAAP】
Earnings ReportKOKEN LTD. <7963> [TSE Std] announced its financial results in the afternoon session on August 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 18.7% from the same period last year, reaching 0.42 billion yen. However, Progress toward the full-year plan of 1.15 billion yen was 37.0%, also falling below the five-year average of 51.5%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to grow 12.6% from the same period last year, reaching 0.72 billion yen.
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit dropped to 0.05 billion yen, a 47.2% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 3.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 5,239 | 565 | 555 | 398 | 80.6 | 56.7 | Aug 7, 2023 | J-GAAP |
| Jan - Jun, 2024 | 4,793 | 342 | 358 | 238 | 48.3 | 35.7 | Aug 6, 2024 | J-GAAP |
| Jan - Jun, 2025 | 5,090 | 441 | 425 | 293 | 59.6 | 37.0 | Aug 6, 2025 | J-GAAP |
| YoY | +6.2% | +28.9% | +18.7% | +23.1% | +23.4% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 5,300 | 470 | 450 | 300 | 60.9 | 0 | May 8, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 5,090 | 441 | 425 | 293 | 59.6 | 0 | Aug 6, 2025 | J-GAAP |
| Revision Rate | -4.0% | -6.2% | -5.6% | -2.3% | -2.1% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 5,969 | 667 | 644 | 484 | 97.9 | 35 | Feb 7, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 6,910 | 759 | 725 | 507 | 103.1 | 35 | Aug 6, 2025 | J-GAAP |
| YoY | +15.8% | +13.8% | +12.6% | +4.8% | +5.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 10,587 | 1,007 | 979 | 701 | 141.9 | 35 | Feb 9, 2024 | J-GAAP |
| Dec, 2024 | 10,762 | 1,009 | 1,002 | 722 | 146.1 | 35 | Feb 7, 2025 | J-GAAP |
| Dec, 2025 Guidance | 12,000 | 1,200 | 1,150 | 800 | 162.7 | 35 | Feb 7, 2025 | J-GAAP |
| YoY | +11.5% | +18.9% | +14.8% | +10.8% | +11.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 2,367 | 123 | 108 | 82 | 16.6 | 5.2 | Aug 6, 2024 | J-GAAP |
| Jul - Sep, 2024 | 2,229 | 118 | 115 | 71 | 14.4 | 5.3 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 3,740 | 549 | 529 | 413 | 83.5 | 14.7 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 2,830 | 364 | 368 | 260 | 52.7 | 12.9 | May 8, 2025 | J-GAAP |
| Apr - Jun, 2025 | 2,260 | 77 | 57 | 33 | 6.7 | 3.4 | Aug 6, 2025 | J-GAAP |
| YoY | -4.5% | -37.4% | -47.2% | -59.8% | -59.7% |
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