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

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Fri Feb 14, 2025 3:30 pm JST Earnings

3409 KITANIHON SPINNING 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%.

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
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%