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Karula Co.,LTD., June-August (2Q) Ordinary Profit Decreases by 9%

Fri Oct 4, 2024 3:00 pm JST Earnings

2789 Karula Co.,LTD. 【J-GAAP】

Earnings Report

Karula Co.,LTD. <2789> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 273 million yen, a 0.7% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 15.5% decrease.

However, The progress rate against the 300 million yen full-year plan was 91.0%, it was below the five-year average of 158.6%.

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 September to February period (second half) is expected to significant drop by 60.3% from the same period last year to 27 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 162 million yen, a 9.0% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 8.5%.

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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
Mar - Aug, 2022 2,989 -7 30 22 3.8 214.3 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 3,519 273 271 357 59.5 79.9 Oct 5, 2023 J-GAAP
Mar - Aug, 2024 3,738 281 273 288 50.0 91.0 Oct 4, 2024 J-GAAP
YoY +6.2% +2.9% +0.7% -19.3% -16.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 3,664 228 229 206 35.7 0 Apr 5, 2024 J-GAAP
Mar - Aug, 2024 Results 3,738 281 273 288 50.0 0 Oct 4, 2024 J-GAAP
Revision Rate +2.0% +23.2% +19.2% +39.8% +39.8%

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 3,321 75 68 80 13.4 5 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 3,362 19 27 -18 -3.1 5 Oct 4, 2024 J-GAAP
YoY +1.2% -74.7% -60.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 6,041 -6 14 -61 -10.2 0 Apr 5, 2023 J-GAAP
Feb, 2024 6,840 348 339 437 73.0 5 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 7,100 300 300 270 46.8 5 Apr 5, 2024 J-GAAP
YoY +3.8% -13.8% -11.5% -38.2% -35.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,827 178 178 241 40.2 9.7 Oct 5, 2023 J-GAAP
Sep - Nov, 2023 1,642 12 4 -4 -0.7 0.7 Jan 5, 2024 J-GAAP
Dec - Feb, 2023 1,679 63 64 84 14.0 3.8 Apr 5, 2024 J-GAAP
Mar - May, 2024 1,782 115 111 126 21.9 6.5 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 1,956 166 162 162 28.1 8.5 Oct 4, 2024 J-GAAP
YoY +7.1% -6.7% -9.0% -32.8% -30.0%

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