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KEY COFFEE INC, First Half Ordinary Profit Decreases by 45%, July-September Ordinary Profit Turns to Loss

Mon Oct 28, 2024 2:00 pm JST Earnings

2594 KEY COFFEE INC 【J-GAAP】

Earnings Report

KEY COFFEE INC <2594> [TSE-P] announced its financial results in the afternoon session on October 28th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 45.0% from the same period last year to 617 million yen. The progress rate against the 700 million yen full-year plan was 88.1%, below the five-year average of 113.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 83 million yen (compared to a loss of 254 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 99 million yen (compared to a profit of 339 million yen in the same period last year). The operating profit/loss margin worsened from 1.6% in the same period last year to -0.6%.

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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 30,310 514 623 457 21.4 178.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 37,480 1,041 1,121 786 36.7 129.3 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 38,735 550 617 363 17.0 88.1 Oct 28, 2024 J-GAAP
YoY +3.3% -47.2% -45.0% -53.8% -53.8%

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 － 6 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 38,735 550 617 363 17.0 6 Oct 28, 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 36,320 -277 -254 -606 -28.4 5 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 35,265 -50 83 137 6.4 6 Oct 28, 2024 J-GAAP
YoY -2.9% +81.9% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 63,298 244 349 173 8.1 10 May 15, 2023 J-GAAP
Mar, 2024 73,800 764 867 180 8.4 12 May 13, 2024 J-GAAP
Mar, 2025 Guidance 74,000 500 700 500 23.4 12 May 13, 2024 J-GAAP
YoY +0.3% -34.6% -19.3% +177.8% +177.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,261 287 339 195 9.1 1.6 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 19,416 302 338 242 11.3 1.6 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 16,904 -579 -592 -848 -39.7 -3.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 19,073 665 716 462 21.6 3.5 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 19,662 -115 -99 -99 -4.6 -0.6 Oct 28, 2024 J-GAAP
YoY +7.7% － － － －

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