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KANRO, 1% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 13 yen, Plan to Continue the 93 yen Policy This Fiscal Year as Well

Thu Feb 6, 2025 5:00 pm JST Earnings

2216 KANRO CO.,LTD 【J-GAAP】

Earnings Report

KANRO CO.,LTD <2216> [TSE Std] announced its financial results after the market closed on February 6th (17:00). The ordinary profit (non-consolidated) for the fiscal year ending December 2024 increased 25.7% from the previous period to 4.31 billion yen. In the fiscal year ending December 2025, the profit is nearly flat with a slight increase of 0.6% to 4.34 billion yen, marking the fourth consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 80 yen to 93 yen (compared to 58 yen in the prior term), and has decided to continue with a dividend of 93 yen for the current term as well.

In the most recent three-month period, from October to December (4Q), the ordinary profit amounted to 1.14 billion yen, a 2.1% decrease compared to the same period last year. The operating profit margin decreased from 13.7% in the same period last year to 12.5%.

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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 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 31,778 4,284 4,315 3,260 77.5 31 Feb 6, 2025 J-GAAP
YoY +9.5% +26.4% +25.7% +32.4% +31.3%

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 30,800 3,810 3,830 2,800 66.5 26.67 Jun 24, 2024 J-GAAP
Dec, 2024 Results 31,778 4,284 4,315 3,260 77.5 31 Feb 6, 2025 J-GAAP
Revision Rate +3.2% +12.4% +12.7% +16.4% +16.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 15,563 2,343 2,355 1,767 42.1 11.67 Jul 29, 2024 J-GAAP
Jan - Jun, 2025 Guidance 16,300 2,140 2,150 1,520 36.1 15 Feb 6, 2025 J-GAAP
YoY +4.7% -8.7% -8.7% -14.0% -14.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 29,015 3,388 3,432 2,462 59.0 19.33 Feb 8, 2024 J-GAAP
Dec, 2024 31,778 4,284 4,315 3,260 77.5 31 Feb 6, 2025 J-GAAP
Dec, 2025 Guidance 33,600 4,320 4,340 3,260 77.4 31 Feb 6, 2025 J-GAAP
YoY +5.7% +0.8% +0.6% 0.0% -0.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 9,099 1,137 1,146 926 22.0 12.5 Feb 6, 2025 J-GAAP
YoY +8.2% -1.4% -2.1% +1.6% +0.8%

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