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Kotobuki Spirits Co.,Ltd., First Half Ordinary Profit Increases by 13%, July-September Ordinary Profit Increases by 14%

Tue Nov 5, 2024 3:30 pm JST Earnings

2222 Kotobuki Spirits Co.,Ltd. 【J-GAAP】

Earnings Report

Kotobuki Spirits Co.,Ltd. <2222> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.8% from the same period last year, reaching 7.52 billion yen. However, The progress rate against the 17.6 billion yen full-year plan was 42.7%, almost the same as the five-year average of 42.2%.

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 grow by 9.6% from the same period last year, reaching 10 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.6% from the same period last year, reaching 4.07 billion yen. However, the operating profit margin decreased from 23.7% in the same period last year to 23.3%.

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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 20,099 2,830 3,055 1,994 12.8 29.7 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 28,891 6,622 6,668 4,453 28.6 42.0 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 32,906 7,476 7,520 4,990 32.1 42.7 Nov 5, 2024 J-GAAP
YoY +13.9% +12.9% +12.8% +12.1% +12.1%

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 32,000 7,420 7,455 4,940 31.7 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 32,906 7,476 7,520 4,990 32.1 0 Nov 5, 2024 J-GAAP
Revision Rate +2.8% +0.8% +0.9% +1.0% +1.0%

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 35,144 9,158 9,199 6,378 41.0 28 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 37,094 10,054 10,080 6,810 44.1 28 Nov 5, 2024 J-GAAP
YoY +5.5% +9.8% +9.6% +6.8% +7.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 50,155 9,951 10,295 7,018 45.1 14 May 15, 2023 J-GAAP
Mar, 2024 64,035 15,780 15,867 10,831 69.6 28 May 14, 2024 J-GAAP
Mar, 2025 Guidance 70,000 17,530 17,600 11,800 76.4 28 May 14, 2024 J-GAAP
YoY +9.3% +11.1% +10.9% +8.9% +9.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,038 3,564 3,585 2,385 15.3 23.7 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 18,145 5,112 5,130 3,446 22.2 28.2 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 16,999 4,046 4,069 2,932 18.8 23.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 15,526 3,428 3,447 2,265 14.6 22.1 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 17,380 4,048 4,073 2,725 17.5 23.3 Nov 5, 2024 J-GAAP
YoY +15.6% +13.6% +13.6% +14.3% +14.2%

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