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Kyoei Security Service Co., Ltd., First Half Ordinary Profit Increases by 18%, July-September Ordinary Profit Increases by 54%

Thu Nov 14, 2024 3:30 pm JST Earnings

7058 Kyoei Security Service Co., Ltd. 【J-GAAP】

Earnings Report

Kyoei Security Service Co., Ltd. <7058> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.4% from the same period last year, reaching 270 million yen. The progress rate against the 500 million yen full-year plan was 54.0%, it was below the five-year average of 58.2%.

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 expand by 43.8% from the same period last year, reaching 230 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 54.3% from the same period last year, reaching 142 million yen. The operating profit margin improved from 3.9% in the same period last year to 5.3%.

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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 3,914 321 340 269 185.9 64.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 4,321 186 228 144 99.5 58.8 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 5,073 262 270 116 80.4 54.0 Nov 14, 2024 J-GAAP
YoY +17.4% +40.9% +18.4% -19.4% -19.2%

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 ー ー ー ー － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,073 262 270 116 80.4 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 5,033 123 160 104 71.9 90 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,927 238 230 216 149.3 90 Nov 14, 2024 J-GAAP
YoY -2.1% +93.5% +43.8% +107.7% +107.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,017 489 531 451 311.4 90 May 12, 2023 J-GAAP
Mar, 2024 9,354 309 388 248 171.4 90 May 15, 2024 J-GAAP
Mar, 2025 Guidance 10,000 500 500 332 229.4 90 May 15, 2024 J-GAAP
YoY +6.9% +61.8% +28.9% +33.9% +33.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,170 85 92 57 39.4 3.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 2,534 66 82 51 35.3 2.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,499 57 78 53 36.6 2.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,540 123 128 58 40.5 4.8 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 2,533 139 142 58 40.2 5.5 Nov 14, 2024 J-GAAP
YoY +16.7% +63.5% +54.3% +1.8% +2.1%

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