K&O Energy, 13% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 6 yen

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Fri Feb 14, 2025 4:00 pm JST Earnings

1663 K&O Energy Group Inc. 【J-GAAP】

Earnings Report

K&O Energy Group Inc. <1663> [TSE Prime] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the fiscal year ending December 2024 decreased 5.6% from the previous period to 9.83 billion yen. In the fiscal year ending December 2025, the profit is expected to decrease by 12.5% from the previous period to 8.6 billion yen. This will be the second consecutive term of declining profits.

At the same time, the company has decided to increase the dividend this fiscal year to 48 yen, an increase of 6 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit dropped to 1.67 billion yen, a 33.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.5% in the same period last year to 5.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	106,200	7,304	7,931	4,766	179.3	32	Feb 13, 2023	J-GAAP
Dec, 2023	96,298	9,668	10,408	6,464	242.8	38	Feb 14, 2024	J-GAAP
Dec, 2024	92,421	8,820	9,830	6,167	231.4	42	Feb 14, 2025	J-GAAP
YoY	-4.0%	-8.8%	-5.6%	-4.6%	-4.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	94,600	7,800	8,700	5,300	198.8	42	Aug 9, 2024	J-GAAP
Dec, 2024 Results	92,421	8,820	9,830	6,167	231.4	42	Feb 14, 2025	J-GAAP
Revision Rate	-2.3%	+13.1%	+13.0%	+16.4%	+16.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	48,834	5,606	5,930	3,699	138.8	20	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	46,500	5,200	5,700	4,500	168.7	24	Feb 14, 2025	J-GAAP
YoY	-4.8%	-7.2%	-3.9%	+21.7%	+21.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	96,298	9,668	10,408	6,464	242.8	38	Feb 14, 2024	J-GAAP
Dec, 2024	92,421	8,820	9,830	6,167	231.4	42	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	91,900	7,700	8,600	6,200	232.4	48	Feb 14, 2025	J-GAAP
YoY	-0.6%	-12.7%	-12.5%	+0.5%	+0.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	23,908	2,274	2,516	1,664	62.5	9.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	25,925	2,493	2,599	1,691	63.5	9.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	22,909	3,113	3,331	2,008	75.4	13.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	21,765	2,082	2,221	1,330	49.9	9.6	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	21,822	1,132	1,679	1,138	42.7	5.2	Feb 14, 2025	J-GAAP
YoY	-8.7%	-50.2%	-33.3%	-31.6%	-31.7%