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KEL, Oct-Dec (3Q) Ordinary Profit Increases by 40%

Fri Feb 7, 2025 1:30 pm JST Earnings

6919 KEL CORPORATION 【J-GAAP】

Earnings Report

KEL CORPORATION <6919> [TSE Std] announced its financial results in the afternoon session on February 7th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 44.4% from the same period last year to 565 million yen. The progress rate toward the full-year plan of 820 million yen was 68.9%, also falling below the five-year average of 71.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 1.6% from the same period last year, reaching 255 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 40.1% from the same period last year, reaching 234 million yen. However, the operating profit margin drastically worsened from 8.1% in the same period last year to 2.2%.

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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 10,856 1,920 2,002 1,358 187.0 78.9 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 9,303 943 1,017 681 93.8 80.2 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 8,940 476 565 401 55.2 68.9 Feb 7, 2025 J-GAAP
YoY -3.9% -49.5% -44.4% -41.1% -41.2%

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 5,859 388 418 277 38.1 48 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,135 486 489 343 47.2 40 Nov 8, 2024 J-GAAP
YoY +4.7% +25.3% +17.0% +23.8% +23.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,500 2,400 2,536 1,725 237.5 95 May 10, 2023 J-GAAP
Mar, 2024 12,231 1,095 1,268 852 117.3 95 May 9, 2024 J-GAAP
Mar, 2025 Guidance 12,200 900 820 550 75.6 80 Nov 8, 2024 J-GAAP
YoY -0.3% -17.8% -35.3% -35.4% -35.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,931 236 167 106 14.6 8.1 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 2,928 152 251 171 23.5 5.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,113 238 326 227 31.3 7.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 2,952 176 5 -20 -2.8 6.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 2,875 62 234 194 26.7 2.2 Feb 7, 2025 J-GAAP
YoY -1.9% -73.7% +40.1% +83.0% +82.9%

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