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KUNIMINE INDUSTRIES CO.,LTD, First Half Ordinary Profit Decreases by 16%, July-September Ordinary Profit Decreases by 27%

Thu Oct 31, 2024 3:00 pm JST Earnings

5388 KUNIMINE INDUSTRIES CO.,LTD 【J-GAAP】

Earnings Report

KUNIMINE INDUSTRIES CO.,LTD <5388> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 15.9% from the same period last year to 581 million yen. The progress rate against the 1.56 billion yen full-year plan was 37.2%, almost the same as the five-year average of 37.4%.

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 2.7% from the same period last year, reaching 979 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 267 million yen, a 27.2% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.9% in the same period last year to 7.1%.

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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 7,032 146 482 252 19.8 35.1 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 7,397 410 691 472 37.9 42.0 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 7,364 461 581 374 30.5 37.2 Oct 31, 2024 J-GAAP
YoY -0.4% +12.4% -15.9% -20.8% -19.4%

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 7,500 450 540 350 28.7 15 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 7,364 461 581 374 30.5 15 Oct 31, 2024 J-GAAP
Revision Rate -1.8% +2.4% +7.6% +6.9% +6.2%

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 8,278 821 953 571 45.8 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,936 919 979 663 54.4 25 Oct 31, 2024 J-GAAP
YoY +7.9% +11.9% +2.7% +16.1% +18.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,325 828 1,373 842 66.2 40 May 12, 2023 J-GAAP
Mar, 2024 15,675 1,231 1,644 1,043 83.6 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 16,300 1,380 1,560 1,037 85.2 40 May 10, 2024 J-GAAP
YoY +4.0% +12.1% -5.1% -0.6% +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,730 256 367 255 20.5 6.9 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 4,272 429 454 307 24.6 10.0 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 4,006 392 499 264 21.2 9.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,652 196 314 182 14.8 5.4 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,712 265 267 192 15.7 7.1 Oct 31, 2024 J-GAAP
YoY -0.5% +3.5% -27.2% -24.7% -23.4%

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