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KYOWANISSEI, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 29%, Oct-Dec Ordinary Profit Decreases by 34%

Thu Feb 6, 2025 3:30 pm JST Earnings

1981 KYOWANISSEI CO.,LTD. 【J-GAAP】

Earnings Report

KYOWANISSEI CO.,LTD. <1981> [TSE Std] announced its financial results after the market closed on February 6th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 28.8% from the same period last year to 0.58 billion yen. The progress rate toward the full-year plan of 1.57 billion yen was 37.5%, also falling below the five-year average of 54.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to expand 54.7% from the same period last year, reaching 0.98 billion yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit dropped to 0.28 billion yen, a 34.5% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 3.0%.

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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 23,666 525 654 422 36.7 48.9 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 24,755 664 827 600 53.9 56.6 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 25,402 444 589 400 38.3 37.5 Feb 6, 2025 J-GAAP
YoY +2.6% -33.1% -28.8% -33.3% -29.0%

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 20,332 976 1,072 765 68.7 35 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,603 1,175 1,268 878 83.4 38 Nov 7, 2024 J-GAAP
YoY +6.3% +20.4% +18.3% +14.8% +21.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,472 1,141 1,338 933 81.3 30 May 15, 2023 J-GAAP
Mar, 2024 35,889 1,247 1,461 1,062 95.4 35 May 13, 2024 J-GAAP
Mar, 2025 Guidance 38,080 1,350 1,570 1,090 103.5 38 May 13, 2024 J-GAAP
YoY +6.1% +8.3% +7.5% +2.6% +8.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,198 393 438 303 27.2 4.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 11,134 583 634 462 41.5 5.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 7,540 -18 80 63 5.7 -0.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 8,937 193 222 149 13.4 2.2 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 8,925 269 287 188 18.0 3.0 Feb 6, 2025 J-GAAP
YoY -3.0% -31.6% -34.5% -38.0% -33.9%

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