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KH Neochem Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 6%

Tue Nov 5, 2024 3:00 pm JST Earnings

4189 KH Neochem Co.,Ltd. 【J-GAAP】

Earnings Report

KH Neochem Co.,Ltd. <4189> [TSE-P] announced its financial results in the afternoon session on November 5th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 5.9% from the same period last year, reaching 7.18 billion yen. However, The progress rate against the 11.9 billion yen full-year plan was 60.4%, also falling below the five-year average of 71.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 60.4% from the same period last year, reaching 4.71 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 9.7% from the same period last year, reaching 2.5 billion yen. However, the operating profit margin worsened from 8.5% in the same period last year to 8.1%.

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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
Jan - Sep, 2022 82,878 9,080 9,438 5,611 151.3 74.3 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 85,478 6,853 6,783 4,666 125.9 69.7 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 86,782 7,320 7,182 4,922 132.9 60.4 Nov 5, 2024 J-GAAP
YoY +1.5% +6.8% +5.9% +5.5% +5.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 57,403 5,454 5,224 3,747 101.1 45 Feb 6, 2024 J-GAAP
Jul - Dec, 2024 Guidance 65,179 6,984 7,222 5,090 137.5 45 Aug 2, 2024 J-GAAP
YoY +13.5% +28.1% +38.2% +35.8% +36.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 114,880 12,456 12,709 8,073 217.7 85 Feb 7, 2023 J-GAAP
Dec, 2023 115,217 9,946 9,725 6,826 184.2 90 Feb 6, 2024 J-GAAP
Dec, 2024 Guidance 121,100 11,800 11,900 8,400 227.0 90 Feb 6, 2024 J-GAAP
YoY +5.1% +18.6% +22.4% +23.1% +23.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,664 2,361 2,282 1,587 42.8 8.5 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 29,739 3,093 2,942 2,160 58.3 10.4 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 26,973 2,492 2,489 1,764 47.6 9.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 28,948 2,324 2,189 1,546 41.7 8.0 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 30,861 2,504 2,504 1,612 43.5 8.1 Nov 5, 2024 J-GAAP
YoY +11.6% +6.1% +9.7% +1.6% +1.6%

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