KITAC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 25%

KITAC CORPORATION <4707> [TSE Std] announced its financial results after the market closed on August 29th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2025 (November 2024 to July 2025) dropped 33.3% from the same period last year to 188 million yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 25.3%, from the previous forecast of 277 million yen to 347 million yen (compared to 393 million yen in the previous period), and the declining rate is expected to decrease from 29.5% to 11.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the May to October period (second half) has been revised upward 98.6%, from the previous forecast of 71 million yen to 141 million yen (compared to 143 million yen in the same period of the previous year), and the declining rate is expected to decrease from 50.3% to 1.4%.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit/loss turned to a loss of 18 million yen (compared to a profit of 32 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.7% in the same period last year to -3.5%.

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