KITAGAWA SEIKI, Oct-Dec (2Q) Ordinary Profit Increases by 4.4 times

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Fri Feb 7, 2025 3:35 pm JST Earnings

6327 KITAGAWA SEIKI CO.,LTD. 【J-GAAP】

Earnings Report

KITAGAWA SEIKI CO.,LTD. <6327> [TSE Std] announced its financial results after the market closed on February 7th (15:35). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) decreased 6.7% from the same period last year to 416 million yen. However, the progress rate toward the full-year plan of 490 million yen was 84.9%, also surpassing the five-year average of 40.9%.

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 January to June period (2H) is expected to significant drop 81.7% from the same period last year to 74 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit surged 4.4 times that of the same period last year, reaching 579 million yen. The operating profit margin drastically improved from 9.5% in the same period last year to 21.0%.

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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
Jul - Dec, 2022	2,220	197	182	148	21.0	22.6	Feb 3, 2023	J-GAAP
Jul - Dec, 2023	3,317	451	446	374	52.7	52.4	Feb 9, 2024	J-GAAP
Jul - Dec, 2024	2,913	427	416	285	35.2	84.9	Feb 7, 2025	J-GAAP
YoY	-12.2%	-5.3%	-6.7%	-23.8%	-33.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	2,910	420	410	280	34.4	0	Jan 21, 2025	J-GAAP
Jul - Dec, 2024 Results	2,913	427	416	285	35.2	0	Feb 7, 2025	J-GAAP
Revision Rate	+0.1%	+1.7%	+1.5%	+1.8%	+2.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	2,616	364	405	258	34.7	10	Aug 19, 2024	J-GAAP
Jan - Jun, 2025 Guidance	3,087	73	74	45	5.5	10	Feb 7, 2025	J-GAAP
YoY	+18.0%	-79.9%	-81.7%	-82.6%	-84.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	6,462	735	804	702	99.2	8	Aug 18, 2023	J-GAAP
Jun, 2024	5,933	815	851	632	85.1	10	Aug 19, 2024	J-GAAP
Jun, 2025 Guidance	6,000	500	490	330	40.5	10	Aug 19, 2024	J-GAAP
YoY	+1.1%	-38.7%	-42.4%	-47.8%	-52.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,621	154	131	106	14.9	9.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	946	37	55	52	7.2	3.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,670	327	350	206	27.7	19.6	Aug 19, 2024	J-GAAP
Jul - Sep, 2024	341	-114	-163	-115	-14.2	-33.4	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	2,572	541	579	400	49.4	21.0	Feb 7, 2025	J-GAAP
YoY	+58.7%	+251.3%	+342.0%	+277.4%	+230.3%