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KURAMOTO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Wed Nov 13, 2024 3:40 pm JST Earnings

5216 KURAMOTO CO.,LTD. 【J-GAAP】

Earnings Report

KURAMOTO CO.,LTD. <5216> [TSE-S] announced its financial results after the market closed on November 13th (15:40). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 4 million yen (compared to a loss of 302 million yen in the same period last year).

However, the full-year ordinary profit/loss has been revised downward from an expected profit of 50 million yen to a loss of 25 million yen (compared to a loss of 399 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit/loss for the July to December period (second half) has been revised downward from an expected profit of 32 million yen to a loss of 43 million yen (compared to a loss of 198 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the ordinary loss improved to a deficit of loss of 14 million yen (compared to a loss of 101 million yen in the same period last year). The operating profit/loss margin drastically improved from -62.9% in the same period last year to 2.5%.

Kabutan News

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 915 -23 -10 6 0.2 ー Nov 11, 2022 J-GAAP
Jan - Sep, 2023 445 -314 -302 -303 -9.1 ー Nov 10, 2023 J-GAAP
Jan - Sep, 2024 861 40 4 14 0.4 ー Nov 13, 2024 J-GAAP
YoY +93.5% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 514 37 32 31 0.7 0 Aug 13, 2024 J-GAAP
Jul - Dec, 2024 New 574 2 -43 -28 -0.6 0 Nov 13, 2024 J-GAAP
Revision Rate +11.7% -94.6% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 1,100 70 50 60 1.3 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 1,160 35 -25 1 0.0 0 Nov 13, 2024 J-GAAP
Revision Rate +5.5% -50.0% － -98.3% -98.4%

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 418 -193 -198 -353 -10.6 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 574 2 -43 -28 -0.6 0 Nov 13, 2024 J-GAAP
YoY +37.3% － +78.3% +92.1% +94.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,058 -117 -32 0 0.0 0 Feb 14, 2023 J-GAAP
Dec, 2023 704 -407 -399 -555 -16.6 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 1,160 35 -25 1 0.0 0 Nov 13, 2024 J-GAAP
YoY +64.8% － +93.7% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 159 -100 -101 -101 -3.0 -62.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 259 -93 -97 -252 -7.5 -35.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 294 6 2 12 0.4 2.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 292 27 16 17 0.5 9.2 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 275 7 -14 -15 -0.5 2.5 Nov 13, 2024 J-GAAP
YoY +73.0% － +86.1% +85.1% +84.8%

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