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KYUDENKO CORPORATION, First Half Ordinary Profit Increases by 26%

Wed Oct 30, 2024 3:00 pm JST Earnings

1959 KYUDENKO CORPORATION 【J-GAAP】

Earnings Report

KYUDENKO CORPORATION <1959> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.2% from the same period last year, reaching 19.8 billion yen. The progress rate against the 43 billion yen full-year plan was 46.3%, exceeding the five-year average of 36.4%.

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 decrease by 13.1% from the same period last year to 23.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 8.74 billion yen, a 7.6% decrease compared to the same period last year. The operating profit margin worsened from 7.8% in the same period last year to 7.1%.

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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 168,522 10,315 12,015 11,116 156.9 33.9 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 200,617 13,692 15,766 10,160 143.5 37.2 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 219,303 18,254 19,896 13,168 186.2 46.3 Oct 30, 2024 J-GAAP
YoY +9.3% +33.3% +26.2% +29.6% +29.8%

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 － 65 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 219,303 18,254 19,896 13,168 186.2 65 Oct 30, 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 268,440 24,324 26,596 17,857 252.3 65 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 280,697 21,246 23,104 15,832 223.8 65 Oct 30, 2024 J-GAAP
YoY +4.6% -12.7% -13.1% -11.3% -11.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 395,783 32,083 35,462 26,349 371.9 110 Apr 28, 2023 J-GAAP
Mar, 2024 469,057 38,016 42,362 28,017 395.9 120 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 500,000 39,500 43,000 29,000 410.0 130 Apr 26, 2024 J-GAAP
YoY +6.6% +3.9% +1.5% +3.5% +3.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 114,375 8,884 9,472 5,906 83.4 7.8 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 114,450 9,533 10,505 6,890 97.3 8.3 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 153,990 14,791 16,091 10,967 155.0 9.6 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 107,205 10,263 11,147 7,758 109.7 9.6 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 112,098 7,991 8,749 5,410 76.5 7.1 Oct 30, 2024 J-GAAP
YoY -2.0% -10.1% -7.6% -8.4% -8.3%

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