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KITANIHON SPINNING, Apr-Dec (Cumulative 3Q) Net Income Turns to Loss, Oct-Dec Net Income Decreases by 95%

Fri Feb 14, 2025 3:30 pm JST Earnings

3409 KITABO CO.,LTD 【J-GAAP】

Earnings Report

KITANIHON SPINNING CO.,LTD <3409> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 31 million yen (compared to a profit of 172 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a profit of 19 million yen (compared to a loss of 287 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 9 million yen, a 94.7% decrease compared to the same period last year. However, the operating profit/loss margin drastically improved from -7.9% in the same period last year to 0.0%.

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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
Apr - Dec, 2022 908 -105 -97 -123 -7.2 ー Feb 14, 2023 J-GAAP
Apr - Dec, 2023 946 -39 -25 172 8.9 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 1,216 -35 -27 -31 -1.5 ー Feb 14, 2025 J-GAAP
YoY +28.5% +10.3% -8.0% － －

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 679 -47 -44 -116 -6.0 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 694 20 32 28 1.1 0 Nov 13, 2024 J-GAAP
YoY +2.2% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,185 -154 -92 -271 -15.5 0 May 15, 2023 J-GAAP
Mar, 2024 1,307 -61 -42 -115 -5.9 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 1,462 -15 -6 -12 -0.5 0 May 14, 2024 J-GAAP
YoY +11.9% +75.4% +85.7% +89.6% +91.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 318 -25 -27 171 8.8 -7.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 361 -22 -17 -287 -14.7 -6.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 387 -10 -1 -1 -0.1 -2.6 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 381 -25 -37 -39 -1.9 -6.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 448 0 11 9 0.4 0.0 Feb 14, 2025 J-GAAP
YoY +40.9% － － -94.7% -95.0%

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