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KOEI TECMO HOLDINGS CO., LTD., First Half Ordinary Profit Decreases by 9%, July-September Ordinary Profit Decreases by 73%

Mon Oct 28, 2024 4:00 pm JST Earnings

3635 KOEI TECMO HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

KOEI TECMO HOLDINGS CO., LTD. <3635> [TSE-P] announced its financial results after the market closed on October 28th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 9.5% from the same period last year to 21 billion yen. However, The progress rate against the 40 billion yen full-year plan was 52.5%, also surpassing the five-year average of 43.5%.

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 October to March period (second half) is expected to decrease by 15.7% from the same period last year to 19 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 2.29 billion yen, a 73.0% decrease compared to the same period last year. The operating profit margin decreased from 29.6% in the same period last year to 28.0%.

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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
Apr - Sep, 2022 34,762 18,321 17,667 13,648 43.3 44.3 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 39,722 13,855 23,201 16,795 53.2 50.7 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 35,197 10,651 21,000 15,975 50.6 52.5 Oct 28, 2024 J-GAAP
YoY -11.4% -23.1% -9.5% -4.9% -5.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 35,000 10,000 20,000 15,000 47.5 0 Oct 21, 2024 J-GAAP
Apr - Sep, 2024 Results 35,197 10,651 21,000 15,975 50.6 0 Oct 28, 2024 J-GAAP
Revision Rate +0.6% +6.5% +5.0% +6.5% +6.5%

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 44,862 14,639 22,540 16,997 53.9 54 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 54,803 19,349 19,000 14,025 44.4 48 Oct 28, 2024 J-GAAP
YoY +22.2% +32.2% -15.7% -17.5% -17.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 78,417 39,133 39,899 30,935 98.2 50 Apr 24, 2023 J-GAAP
Mar, 2024 84,584 28,494 45,741 33,792 107.1 54 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 90,000 30,000 40,000 30,000 95.0 48 Apr 30, 2024 J-GAAP
YoY +6.4% +5.3% -12.6% -11.2% -11.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 21,425 6,349 8,514 6,243 19.8 29.6 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 21,414 6,461 10,624 7,488 23.7 30.2 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 23,448 8,178 11,916 9,509 30.1 34.9 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 17,607 5,723 18,703 13,638 43.2 32.5 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 17,590 4,928 2,297 2,337 7.4 28.0 Oct 28, 2024 J-GAAP
YoY -17.9% -22.4% -73.0% -62.6% -62.6%

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