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KYOEI SANGYO, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 49%, Oct-Dec Ordinary Profit Decreases by 33%

Thu Jan 30, 2025 3:30 pm JST Earnings

6973 KYOEI SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

KYOEI SANGYO CO.,LTD. <6973> [TSE Std] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 49.4% from the same period last year to 0.66 billion yen. The progress rate toward the full-year plan of 1.1 billion yen was 60.8%, also falling below the five-year average of 69.1%.

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 3.9% from the same period last year, reaching 0.43 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.26 billion yen, a 32.8% decrease compared to the same period last year. However, the operating profit margin improved from 2.0% in the same period last year to 2.5%.

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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 45,673 1,325 1,442 840 279.7 92.4 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 47,097 1,140 1,322 828 275.5 76.1 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 43,222 558 669 984 327.4 60.8 Jan 30, 2025 J-GAAP
YoY -8.2% -51.1% -49.4% +18.8% +18.8%

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 30,160 829 808 667 222.0 55 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,732 690 695 522 173.5 55 Oct 30, 2024 J-GAAP
YoY -4.7% -16.8% -14.0% -21.7% -21.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 60,545 1,471 1,560 432 144.0 70 May 12, 2023 J-GAAP
Mar, 2024 61,679 1,652 1,737 1,337 445.1 95 May 13, 2024 J-GAAP
Mar, 2025 Guidance 58,000 900 1,100 1,200 398.8 110 Oct 30, 2024 J-GAAP
YoY -6.0% -45.5% -36.7% -10.2% -10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 15,578 317 393 158 52.6 2.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 14,582 512 415 509 169.4 3.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 14,950 134 159 651 216.8 0.9 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 14,318 76 246 27 9.0 0.5 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 13,954 348 264 306 101.8 2.5 Jan 30, 2025 J-GAAP
YoY -10.4% +9.8% -32.8% +93.7% +93.6%

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