Kanemi, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 6%, Sep-Nov Ordinary Profit Increases by 38%

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Tue Jan 14, 2025 3:00 pm JST Earnings

2669 Kanemi Co.,Ltd. 【J-GAAP】

Earnings Report

Kanemi Co.,Ltd. <2669> [TSE Std] announced its financial results in the afternoon session on January 14th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 6.0% from the same period last year, reaching 2.61 billion yen. The progress rate toward the full-year plan of 3.3 billion yen was 79.1%, also surpassing the five-year average of 63.6%.

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 December to February period (4Q) is expected to decrease 8.2% from the same period last year to 0.69 billion yen.

In the most recent three-month period, from September to November (3Q), the ordinary profit increased 37.8% from the same period last year, reaching 0.81 billion yen. The operating profit margin improved from 2.7% in the same period last year to 3.5%.

Kabutan News

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
Mar - Nov, 2022	60,089	1,846	1,897	1,241	128.3	69.2	Jan 10, 2023	J-GAAP
Mar - Nov, 2023	64,498	2,420	2,463	1,568	162.1	76.6	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	67,782	2,572	2,610	1,694	175.1	79.1	Jan 14, 2025	J-GAAP
YoY	+5.1%	+6.3%	+6.0%	+8.0%	+8.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	44,188	1,319	1,340	638	66.0	19	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	43,740	1,473	1,500	728	75.2	19	Oct 11, 2024	J-GAAP
YoY	-1.0%	+11.7%	+11.9%	+14.1%	+14.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	81,059	2,686	2,742	1,720	177.9	36	Apr 10, 2023	J-GAAP
Feb, 2024	87,107	3,162	3,215	1,854	191.7	38	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	89,100	3,250	3,300	1,900	196.4	38	Apr 10, 2024	J-GAAP
YoY	+2.3%	+2.8%	+2.6%	+2.5%	+2.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	21,579	577	588	352	36.4	2.7	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	22,609	742	752	286	29.6	3.3	Apr 10, 2024	J-GAAP
Mar - May, 2024	22,277	787	791	514	53.2	3.5	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	23,083	990	1,009	658	68.1	4.3	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	22,422	795	810	522	54.0	3.5	Jan 14, 2025	J-GAAP
YoY	+3.9%	+37.8%	+37.8%	+48.3%	+48.3%