kabutan

KANEMATSU ENGINEERING CO.,LTD., First Half Ordinary Profit Increases by 48%, July-September Ordinary Profit Increases by 64%

Wed Nov 6, 2024 3:40 pm JST Earnings

6402 KANEMATSU ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

KANEMATSU ENGINEERING CO.,LTD. <6402> [TSE-S] announced its financial results after the market closed on November 6th (15:40). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 601 million yen, an increase of 47.7% compared to the same period last year. The progress rate against the 850 million yen full-year plan was 70.7%, also surpassing the five-year average of 59.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 41.0% from the same period last year to 249 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 64.4% from the same period last year, reaching 370 million yen. The operating profit margin improved from 7.4% in the same period last year to 9.8%.

Kabutan News

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 5,751 431 444 305 63.4 60.7 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 5,840 396 407 279 57.2 49.1 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 7,035 588 601 416 85.2 70.7 Nov 6, 2024 J-GAAP
YoY +20.5% +48.5% +47.7% +49.1% +49.1%

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 7,000 580 590 413 84.5 0 Sep 19, 2024 J-GAAP
Apr - Sep, 2024 Results 7,035 588 601 416 85.2 0 Nov 6, 2024 J-GAAP
Revision Rate +0.5% +1.4% +1.9% +0.7% +0.9%

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 6,563 412 422 339 69.6 44 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,465 242 249 174 35.6 40 Nov 6, 2024 J-GAAP
YoY -16.7% -41.3% -41.0% -48.7% -48.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,335 709 732 754 156.2 55 May 12, 2023 J-GAAP
Mar, 2024 12,403 808 829 618 126.8 44 May 13, 2024 J-GAAP
Mar, 2025 Guidance 12,500 830 850 590 120.7 40 May 13, 2024 J-GAAP
YoY +0.8% +2.7% +2.5% -4.5% -4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,982 220 225 155 31.8 7.4 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 3,189 155 159 109 22.4 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,374 257 263 230 47.2 7.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,296 222 231 159 32.6 6.7 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 3,739 366 370 257 52.7 9.8 Nov 6, 2024 J-GAAP
YoY +25.4% +66.4% +64.4% +65.8% +65.8%

Related Articles