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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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%