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KITOKU SHINRYO CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 7%

Thu Nov 7, 2024 3:30 pm JST Earnings

2700 KITOKU SHINRYO CO., LTD. 【J-GAAP】

Earnings Report

KITOKU SHINRYO CO., LTD. <2700> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 7.2% from the same period last year to 1.74 billion yen. The progress rate against the 2 billion yen full-year plan was 87.4%, below the five-year average of 94.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 6.3% from the same period last year to 253 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 26.9% from the same period last year, reaching 575 million yen. The operating profit margin improved from 1.8% in the same period last year to 2.2%.

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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 78,717 998 996 807 99.7 72.6 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 83,957 1,839 1,883 1,238 152.9 87.5 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 87,044 1,669 1,747 1,235 152.3 87.4 Nov 7, 2024 J-GAAP
YoY +3.7% -9.2% -7.2% -0.2% -0.4%

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 58,002 702 723 498 61.5 10 Feb 15, 2024 J-GAAP
Jul - Dec, 2024 Guidance 58,810 841 828 469 57.4 14 Oct 24, 2024 J-GAAP
YoY +1.4% +19.8% +14.5% -5.8% -6.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 104,704 1,316 1,371 1,038 128.2 12 Feb 16, 2023 J-GAAP
Dec, 2023 114,835 2,061 2,153 1,478 182.5 16 Feb 15, 2024 J-GAAP
Dec, 2024 Guidance 118,000 1,900 2,000 1,300 159.1 20 Oct 24, 2024 J-GAAP
YoY +2.8% -7.8% -7.1% -12.0% -12.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,124 480 453 258 31.9 1.8 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 30,878 222 270 240 29.6 0.7 Feb 15, 2024 J-GAAP
Jan - Mar, 2024 29,961 414 432 339 41.9 1.4 May 8, 2024 J-GAAP
Apr - Jun, 2024 29,229 645 740 492 60.7 2.2 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 27,854 610 575 404 49.8 2.2 Nov 7, 2024 J-GAAP
YoY +2.7% +27.1% +26.9% +56.6% +56.3%

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