Kurita Water Industries, Apr-Dec (Cumulative 3Q) Net Income Increases by 11%

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Thu Feb 6, 2025 3:30 pm JST Earnings

6370 Kurita Water Industries Ltd. 【IFRS】

Earnings Report

Kurita Water Industries Ltd. <6370> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 6th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 10.6% from the same period last year, reaching 24.2 billion yen. However, the progress rate toward the full-year plan of 34.5 billion yen was 70.2%, also falling below the five-year average of 82.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 40.9% from the same period last year, reaching 10.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income amounted to 9.3 billion yen, a 0.1% decrease compared to the same period last year. However, the operating profit margin rose from 12.4% in the same period last year to 12.6%.

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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
Apr - Dec, 2022	251,706	27,669	28,963	20,149	179.3	96.1	Feb 2, 2023	IFRS
Apr - Dec, 2023	286,675	30,518	30,471	21,906	194.9	73.1	Feb 9, 2024	IFRS
Apr - Dec, 2024	300,842	34,709	34,704	24,235	215.6	70.8	Feb 6, 2025	IFRS
YoY	+4.9%	+13.7%	+13.9%	+10.6%	+10.6%

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	196,462	22,945	23,503	16,594	147.6	42	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	214,470	28,209	27,596	19,568	174.0	46	Nov 7, 2024	IFRS
YoY	+9.2%	+22.9%	+17.4%	+17.9%	+17.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	344,608	29,058	30,151	20,134	179.1	78	May 11, 2023	IFRS
Mar, 2024	384,825	41,232	41,686	29,189	259.7	84	May 9, 2024	IFRS
Mar, 2025 Guidance	410,000	49,700	49,000	34,500	306.7	92	Nov 7, 2024	IFRS
YoY	+6.5%	+20.5%	+17.5%	+18.2%	+18.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	98,312	12,231	12,288	9,311	82.8	12.4	Feb 9, 2024	IFRS
Jan - Mar, 2024	98,150	10,714	11,215	7,283	64.8	10.9	May 9, 2024	IFRS
Apr - Jun, 2024	93,980	8,638	8,738	5,701	50.7	9.2	Aug 8, 2024	IFRS
Jul - Sep, 2024	101,550	12,853	12,666	9,231	82.1	12.7	Nov 7, 2024	IFRS
Oct - Dec, 2024	105,312	13,218	13,300	9,303	82.7	12.6	Feb 6, 2025	IFRS
YoY	+7.1%	+8.1%	+8.2%	-0.1%	-0.1%