Kitanotatsujin, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 36%, Current Fiscal Year Dividend Revised Upward by 1 yen

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Tue Jan 14, 2025 3:30 pm JST Earnings

2930 Kitanotatsujin Corporation 【J-GAAP】

Earnings Report

Kitanotatsujin Corporation <2930> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded 1.49 billion yen, an increase 36.2% compared to the same period last year. The progress rate toward the full-year plan of 1.69 billion yen was 88.3%, almost the same as the five-year average of 88.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to drop 47.9% from the same period last year to 0.19 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 2.5 yen to 3.5 yen (compared to 2.2 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 0.58 billion yen, a 9.2% decrease compared to the same period last year. However, the operating profit margin rose from 18.3% in the same period last year to 20.7%.

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	6,909	718	740	484	3.5	136.8	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	11,299	1,075	1,098	753	5.4	74.2	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	9,235	1,473	1,495	1,009	7.3	88.3	Jan 14, 2025	J-GAAP
YoY	-18.3%	+37.0%	+36.2%	+34.0%	+33.8%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	5,073	770	784	535	3.8	1.20	Oct 15, 2024	J-GAAP
Sep - Feb, 2024 New	5,073	770	784	535	3.8	2.20	Jan 14, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	11,555	1,672	1,694	1,143	8.2	2.50	Oct 15, 2024	J-GAAP
Feb, 2025 New	11,555	1,672	1,694	1,143	8.2	3.50	Jan 14, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	6,832	1,007	1,026	692	5.0	1.30	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	5,073	770	784	535	3.8	2.20	Jan 14, 2025	J-GAAP
YoY	-25.7%	-23.5%	-23.6%	-22.7%	-22.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	9,831	510	541	343	2.5	1.50	Apr 14, 2023	J-GAAP
Feb, 2024	14,665	1,449	1,480	994	7.2	2.20	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	11,555	1,672	1,694	1,143	8.2	3.50	Jan 14, 2025	J-GAAP
YoY	-21.2%	+15.4%	+14.5%	+15.0%	+14.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	3,466	633	644	451	3.3	18.3	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	3,366	374	382	241	1.7	11.1	Apr 12, 2024	J-GAAP
Mar - May, 2024	3,269	389	394	266	1.9	11.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	3,213	513	516	342	2.5	16.0	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	2,753	571	585	401	2.9	20.7	Jan 14, 2025	J-GAAP
YoY	-20.6%	-9.8%	-9.2%	-11.1%	-11.4%