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KYOKUYO CO., LTD., First Half Ordinary Profit Increases by 28%, July-September Ordinary Profit Increases by 27%

Wed Nov 6, 2024 11:00 am JST Earnings

1301 KYOKUYO CO., LTD. 【J-GAAP】

Earnings Report

KYOKUYO CO., LTD. <1301> [TSE-P] announced its financial results in the morning on November 6th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 28.3% from the same period last year, reaching 5.31 billion yen. The progress rate against the 10 billion yen full-year plan was 53.2%, also surpassing the five-year average of 45.9%.

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 October to March period (second half) is expected to nearly flat at 4.68 billion yen, down 0.6% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 26.7% from the same period last year, reaching 2.02 billion yen. The operating profit margin improved from 2.5% in the same period last year to 3.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 133,619 5,375 5,805 4,208 392.0 70.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 126,075 3,996 4,142 2,451 228.7 46.8 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 140,565 5,464 5,315 2,709 228.2 53.2 Nov 6, 2024 J-GAAP
YoY +11.5% +36.7% +28.3% +10.5% -0.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 140,565 5,464 5,315 2,709 228.2 － Nov 6, 2024 J-GAAP
Revision Rate － － － － －

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 135,529 4,810 4,714 3,485 322.1 100 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 159,435 4,536 4,685 4,291 361.3 110 Nov 6, 2024 J-GAAP
YoY +17.6% -5.7% -0.6% +23.1% +12.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 272,167 8,105 8,182 5,782 539.1 100 May 12, 2023 J-GAAP
Mar, 2024 261,604 8,806 8,856 5,936 548.6 100 May 10, 2024 J-GAAP
Mar, 2025 Guidance 300,000 10,000 10,000 7,000 589.4 110 May 10, 2024 J-GAAP
YoY +14.7% +13.6% +12.9% +17.9% +7.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 63,708 1,575 1,594 624 58.2 2.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 75,539 2,953 2,851 2,534 236.3 3.9 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 59,990 1,857 1,863 951 87.9 3.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 68,204 3,102 3,295 2,412 203.1 4.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 72,361 2,362 2,020 297 25.0 3.3 Nov 6, 2024 J-GAAP
YoY +13.6% +50.0% +26.7% -52.4% -57.0%

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