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KANEMITSU, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 10%, Oct-Dec Ordinary Profit Decreases by 42%

Thu Feb 13, 2025 3:30 pm JST Earnings

7208 KANEMITSU CORPORATION 【J-GAAP】

Earnings Report

KANEMITSU CORPORATION <7208> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 9.6% from the same period last year to 547 million yen. The progress rate toward the full-year plan of 700 million yen was 78.1%, below the five-year average of 83.6%.

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 surge 2.3 times that of the same period last year, reaching 153 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 199 million yen, a 42.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.9% in the same period last year to 6.3%.

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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 7,198 186 242 277 54.2 49.7 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 8,384 534 605 522 102.3 90.2 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 8,295 490 547 392 76.7 78.1 Feb 13, 2025 J-GAAP
YoY -1.1% -8.2% -9.6% -24.9% -25.0%

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 5,775 347 411 403 78.9 15 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,092 385 352 234 45.8 15 Nov 13, 2024 J-GAAP
YoY +5.5% +11.0% -14.4% -41.9% -42.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,024 425 487 538 105.2 28.50 May 11, 2023 J-GAAP
Mar, 2024 11,091 576 671 632 123.7 29.50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 11,600 700 700 500 97.8 30 May 9, 2024 J-GAAP
YoY +4.6% +21.5% +4.3% -20.9% -20.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,068 305 345 293 57.4 9.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,707 42 66 110 21.5 1.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 2,711 109 129 77 15.1 4.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 2,797 206 219 189 37.0 7.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,787 175 199 126 24.6 6.3 Feb 13, 2025 J-GAAP
YoY -9.2% -42.6% -42.3% -57.0% -57.1%

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