KANDENKO, The Current Fiscal Year Ordinary Profit Revised Upward by 32%, Raises Record High Profit Forecast, Dividend Revised Upward by 31 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Jan 31, 2025 1:00 pm JST Earnings

1942 KANDENKO CO.,LTD. 【J-GAAP】

Earnings Report

KANDENKO CO.,LTD. <1942> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 43.3 billion yen, an increase 65.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 32.3%, from the previous forecast of 44 billion yen to 58.2 billion yen (compared to 42.6 billion yen in the previous period), increasing the growth rate from 3.2% to 36.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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 79.5%, from the previous forecast of 17.8 billion yen to 32 billion yen (compared to 25.9 billion yen in the same period of the previous year), turning to a 23.3% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 51 yen to 82 yen (compared to 41 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 79.3% from the same period last year, reaching 17.1 billion yen. The operating profit margin significantly improved from 6.5% in the same period last year to 9.8%.

Kabutan News

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	367,501	21,421	22,728	14,742	72.2	66.7	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	403,357	24,932	26,245	20,047	98.1	61.5	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	455,492	41,932	43,342	31,896	156.1	74.5	Jan 31, 2025	J-GAAP
YoY	+12.9%	+68.2%	+65.1%	+59.1%	+59.1%

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	346,260	17,573	17,856	11,537	56.4	25	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	379,260	31,573	32,056	24,437	119.6	56	Jan 31, 2025	J-GAAP
Revision Rate	+9.5%	+79.7%	+79.5%	+111.8%	+111.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	633,000	43,000	44,000	28,800	140.9	51	Sep 9, 2024	J-GAAP
Mar, 2025 New	666,000	57,000	58,200	41,700	204.0	82	Jan 31, 2025	J-GAAP
Revision Rate	+5.2%	+32.6%	+32.3%	+44.8%	+44.8%

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	336,606	25,189	25,996	16,242	79.5	24	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	379,260	31,573	32,056	24,437	119.6	56	Jan 31, 2025	J-GAAP
YoY	+12.7%	+25.3%	+23.3%	+50.5%	+50.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	541,579	32,748	34,059	21,167	103.6	32	Apr 28, 2023	J-GAAP
Mar, 2024	598,427	40,934	42,648	27,345	133.8	41	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	666,000	57,000	58,200	41,700	204.0	82	Jan 31, 2025	J-GAAP
YoY	+11.3%	+39.2%	+36.5%	+52.5%	+52.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	141,536	9,187	9,593	8,944	43.8	6.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	195,070	16,002	16,403	7,298	35.7	8.2	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	128,864	10,353	11,053	7,382	36.1	8.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	157,876	15,074	15,091	9,881	48.4	9.5	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	168,752	16,505	17,198	14,633	71.6	9.8	Jan 31, 2025	J-GAAP
YoY	+19.2%	+79.7%	+79.3%	+63.6%	+63.6%