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KANRO CO.,LTD, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 40%, July-September Ordinary Profit Increases by 73%

Tue Oct 29, 2024 1:30 pm JST Earnings

2216 KANRO CO.,LTD 【J-GAAP】

Earnings Report

KANRO CO.,LTD <2216> [TSE-S] announced its financial results in the afternoon session on October 29th (13:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 3.16 billion yen, an increase of 40.1% compared to the same period last year. The progress rate against the 3.83 billion yen full-year plan was 82.7%, also surpassing the five-year average of 47.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to drop by 43.5% from the same period last year to 661 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit increased by 72.8% from the same period last year, reaching 814 million yen. The operating profit margin significantly improved from 7.3% in the same period last year to 11.3%.

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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
Jan - Sep, 2022 17,927 1,295 1,355 936 22.2 67.7 Oct 31, 2022 J-GAAP
Jan - Sep, 2023 20,609 2,235 2,262 1,551 37.2 65.9 Oct 27, 2023 J-GAAP
Jan - Sep, 2024 22,679 3,147 3,169 2,334 55.6 82.7 Oct 29, 2024 J-GAAP
YoY +10.0% +40.8% +40.1% +50.5% +49.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 14,723 1,616 1,641 1,226 29.4 12.66 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 15,237 1,467 1,475 1,033 24.5 15 Jul 29, 2024 J-GAAP
YoY +3.5% -9.2% -10.1% -15.7% -16.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 25,118 1,933 2,001 1,346 32.0 10.50 Feb 7, 2023 J-GAAP
Dec, 2023 29,015 3,388 3,432 2,462 59.0 19.33 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 30,800 3,810 3,830 2,800 66.5 26.67 Jun 24, 2024 J-GAAP
YoY +6.2% +12.5% +11.6% +13.7% +12.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,317 463 471 315 7.6 7.3 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 8,406 1,153 1,170 911 21.8 13.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 7,613 1,212 1,217 941 22.5 15.9 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 7,950 1,131 1,138 826 19.7 14.2 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 7,116 804 814 567 13.5 11.3 Oct 29, 2024 J-GAAP
YoY +12.6% +73.7% +72.8% +80.0% +78.6%

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