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Kurita Water Industries, 79% Increase in Net Income, Record High for The First Time in Two Years, Dividend Raised by 20 yen

Thu May 8, 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 May 8th (15:30). The consolidated net income for the fiscal year ending March 2025 dropped 30.4% from the previous period to 20.3 billion yen. For the fiscal year ending March 2026, the consolidated net income is expected to surge 78.8% the previous term, reaching 36.3 billion yenExpected to reach record high profits for the first time in two years.

At the same time, the company has decided to increase the dividend this fiscal year to 112 yen, an increase of 20 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated net income/loss turned to a loss of 3.93 billion yen (compared to a profit of 7.28 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 10.9% in the same period last year to -3.2%.

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Actual Results

Historical Performance
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 408,888 31,275 31,821 20,305 180.7 92 May 8, 2025 IFRS
YoY +6.3% -24.1% -23.7% -30.4% -30.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 408,800 31,200 31,800 20,300 180.6 92 Apr 28, 2025 IFRS
Mar, 2025 Results 408,888 31,275 31,821 20,305 180.7 92 May 8, 2025 IFRS
Revision Rate +0.0% +0.2% +0.1% +0.0% +0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 195,530 21,491 21,404 14,932 132.8 46 Nov 7, 2024 IFRS
Apr - Sep, 2025 Guidance 202,000 23,800 23,300 15,800 144.5 56 May 8, 2025 IFRS
YoY +3.3% +10.7% +8.9% +5.8% +8.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 384,825 41,232 41,686 29,189 259.7 84 May 9, 2024 IFRS
Mar, 2025 408,888 31,275 31,821 20,305 180.7 92 May 8, 2025 IFRS
Mar, 2026 Guidance 425,000 53,500 52,500 36,300 331.9 112 May 8, 2025 IFRS
YoY +3.9% +71.1% +65.0% +78.8% +83.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 108,046 -3,434 -2,883 -3,930 -35.0 -3.2 May 8, 2025 IFRS
YoY +10.1% － － － －

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