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KYOWA LEATHER CLOTH, Ordinary Profit Unexpectedly Turn to Loss for Last Fiscal Year, 61% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 20 yen

Fri May 9, 2025 3:30 pm JST Earnings

3553 KYOWA LEATHER CLOTH CO.,LTD 【J-GAAP】

Earnings Report

KYOWA LEATHER CLOTH CO.,LTD <3553> [TSE Std] announced its financial results after the market closed on May 9th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 37.9% from the previous period to 1.67 billion yen, falling below the forecast of 2.65 billion yen. For the fiscal year ending March 2026 is also bleak, with an expected significant drop by 61.3% from the previous period to 0.65 billion yen.

At the same time, the company has decided to significantly increase the dividend this fiscal year to 52 yen, an increase of 20 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit/loss turned to a loss of 0.06 billion yen (compared to a profit of 0.37 billion yen in the same period last year). However, the operating profit margin improved from 2.3% in the same period last year to 3.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,792 237 591 347 14.4 20 May 9, 2023 J-GAAP
Mar, 2024 52,037 2,567 2,704 1,958 81.3 32 May 8, 2024 J-GAAP
Mar, 2025 56,397 2,140 1,679 1,100 46.1 32 May 9, 2025 J-GAAP
YoY +8.4% -16.6% -37.9% -43.8% -43.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 53,000 2,600 2,650 1,750 73.4 32 May 8, 2024 J-GAAP
Mar, 2025 Results 56,397 2,140 1,679 1,100 46.1 32 May 9, 2025 J-GAAP
Revision Rate +6.4% -17.7% -36.6% -37.1% -37.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 26,100 923 834 531 22.2 16 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 Guidance 26 May 9, 2025 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 52,037 2,567 2,704 1,958 81.3 32 May 8, 2024 J-GAAP
Mar, 2025 56,397 2,140 1,679 1,100 46.1 32 May 9, 2025 J-GAAP
Mar, 2026 Guidance 53,000 700 650 300 12.6 52 May 9, 2025 J-GAAP
YoY -6.0% -67.3% -61.3% -72.7% -72.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 13,165 306 373 309 12.8 2.3 May 8, 2024 J-GAAP
Apr - Jun, 2024 12,342 420 529 353 14.7 3.4 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 13,758 503 305 178 7.5 3.7 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 14,052 731 906 607 25.4 5.2 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 16,245 486 -61 -38 -1.6 3.0 May 9, 2025 J-GAAP
YoY +23.4% +58.8%

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