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KIKUSUI HOLDINGS CORPORATION, First Half Ordinary Profit Increases by 13%, July-September Ordinary Profit Increases by 33%

Wed Oct 30, 2024 4:00 pm JST Earnings

6912 KIKUSUI HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

KIKUSUI HOLDINGS CORPORATION <6912> [TSE-S] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.4% from the same period last year, reaching 916 million yen. However, The progress rate against the 1.98 billion yen full-year plan was 46.3%, almost the same as the five-year average of 44.2%.

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 October to March period (second half) is expected to decrease by 4.2% from the same period last year to 1.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 32.7% from the same period last year, reaching 552 million yen. The operating profit margin rose from 14.1% in the same period last year to 16.1%.

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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
Apr - Sep, 2022 5,434 631 696 466 56.0 45.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 5,715 760 808 519 62.1 42.1 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 5,945 833 916 596 71.9 46.3 Oct 30, 2024 J-GAAP
YoY +4.0% +9.6% +13.4% +14.8% +15.9%

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 5,900 800 830 520 62.6 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,945 833 916 596 71.9 0 Oct 30, 2024 J-GAAP
Revision Rate +0.8% +4.1% +10.4% +14.6% +14.9%

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 6,773 1,093 1,111 781 93.4 47 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,855 1,097 1,064 714 85.9 47 Oct 30, 2024 J-GAAP
YoY +1.2% +0.4% -4.2% -8.6% -7.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,066 1,531 1,528 1,072 128.4 38 May 12, 2023 J-GAAP
Mar, 2024 12,488 1,853 1,919 1,300 155.4 47 May 15, 2024 J-GAAP
Mar, 2025 Guidance 12,800 1,930 1,980 1,310 157.7 47 May 15, 2024 J-GAAP
YoY +2.5% +4.2% +3.2% +0.8% +1.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,868 405 416 304 36.4 14.1 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 2,931 421 446 305 36.4 14.4 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 3,842 672 665 476 56.9 17.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,693 310 364 208 25.2 11.5 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 3,252 523 552 388 46.8 16.1 Oct 30, 2024 J-GAAP
YoY +13.4% +29.1% +32.7% +27.6% +28.8%

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