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KANEKA CORPORATION, July-September (2Q) Ordinary Profit Decreases by 30%

Tue Nov 12, 2024 4:00 pm JST Earnings

4118 KANEKA CORPORATION 【J-GAAP】

Earnings Report

KANEKA CORPORATION <4118> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.0% from the same period last year, reaching 14.3 billion yen. However, The progress rate against the 34 billion yen full-year plan was 42.3%, also falling below the five-year average of 46.1%.

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 grow by 19.0% from the same period last year, reaching 19.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 4.24 billion yen, a 30.0% decrease compared to the same period last year. However, the operating profit margin improved from 3.7% in the same period last year to 4.5%.

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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 380,602 20,813 22,518 16,568 252.7 69.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 370,116 12,606 12,741 8,897 137.1 43.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 395,963 19,101 14,391 10,162 160.5 42.3 Nov 12, 2024 J-GAAP
YoY +7.0% +51.5% +13.0% +14.2% +17.1%

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 ー ー ー ー － 60 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 395,963 19,101 14,391 10,162 160.5 60 Nov 12, 2024 J-GAAP
Revision Rate － － － － －

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 392,186 19,973 16,481 14,323 220.8 55 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 394,037 18,899 19,609 14,338 227.8 60 Nov 12, 2024 J-GAAP
YoY +0.5% -5.4% +19.0% +0.1% +3.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 755,821 35,087 32,411 23,008 349.6 110 May 12, 2023 J-GAAP
Mar, 2024 762,302 32,579 29,222 23,220 357.9 110 May 14, 2024 J-GAAP
Mar, 2025 Guidance 790,000 38,000 34,000 24,500 389.3 120 May 14, 2024 J-GAAP
YoY +3.6% +16.6% +16.4% +5.5% +8.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 187,376 7,003 6,067 4,656 71.7 3.7 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 194,612 9,005 6,610 4,541 70.0 4.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 197,574 10,968 9,871 9,782 150.8 5.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 198,382 10,276 10,146 7,033 110.4 5.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 197,581 8,825 4,245 3,129 49.4 4.5 Nov 12, 2024 J-GAAP
YoY +5.4% +26.0% -30.0% -32.8% -31.1%

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