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KYOWA ELECTRONIC INSTRUMENTS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 30%

Tue Nov 5, 2024 3:30 pm JST Earnings

6853 KYOWA ELECTRONIC INSTRUMENTS CO.,LTD. 【J-GAAP】

Earnings Report

KYOWA ELECTRONIC INSTRUMENTS CO.,LTD. <6853> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 29.6% from the same period last year, reaching 942 million yen. The progress rate against the 1.25 billion yen full-year plan was 75.4%, also surpassing the five-year average of 58.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to drop by 30.3% from the same period last year to 308 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 157 million yen, a 10.3% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 5.1%.

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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
Jan - Sep, 2022 9,684 387 507 356 12.9 67.3 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 9,932 653 727 575 21.1 62.2 Nov 6, 2023 J-GAAP
Jan - Sep, 2024 11,129 882 942 655 24.1 75.4 Nov 5, 2024 J-GAAP
YoY +12.1% +35.1% +29.6% +13.9% +14.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 7,948 620 617 439 16.1 16.50 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 8,132 499 465 333 12.2 8.50 Jul 29, 2024 J-GAAP
YoY +2.3% -19.5% -24.6% -24.1% -24.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 13,823 646 753 576 20.9 13 Feb 10, 2023 J-GAAP
Dec, 2023 14,901 1,107 1,169 898 32.9 16.50 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 15,700 1,200 1,250 900 33.0 16.50 Feb 9, 2024 J-GAAP
YoY +5.4% +8.4% +6.9% +0.2% +0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,979 166 175 116 4.3 5.6 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 4,969 454 442 323 11.8 9.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,387 652 671 468 17.2 14.9 May 7, 2024 J-GAAP
Apr - Jun, 2024 3,181 49 114 99 3.6 1.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 3,561 181 157 88 3.2 5.1 Nov 5, 2024 J-GAAP
YoY +19.5% +9.0% -10.3% -24.1% -23.8%

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