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KYOKUTO KAIHATSU KOGYO CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 4%

Tue Nov 12, 2024 2:00 pm JST Earnings

7226 KYOKUTO KAIHATSU KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

KYOKUTO KAIHATSU KOGYO CO.,LTD. <7226> [TSE-P] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.67 billion yen, an increase of 43.8% compared to the same period last year. However, The progress rate against the 6.5 billion yen full-year plan was 41.1%, also falling below the five-year average of 48.4%.

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 grow by 1.8% from the same period last year, reaching 3.82 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.38 billion yen, a 4.1% decrease compared to the same period last year. However, the operating profit margin improved from 4.2% in the same period last year to 5.1%.

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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 51,709 381 888 728 18.2 74.8 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 59,570 1,311 1,858 1,063 27.8 33.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 64,007 2,740 2,672 3,068 80.0 41.1 Nov 12, 2024 J-GAAP
YoY +7.4% +109.0% +43.8% +188.6% +187.9%

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 ー ー ー ー － 75 Aug 7, 2024 J-GAAP
Apr - Sep, 2024 Results 64,007 2,740 2,672 3,068 80.0 75 Nov 12, 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 68,456 3,514 3,759 2,438 63.7 58 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 69,993 3,560 3,828 2,632 68.5 75 Nov 12, 2024 J-GAAP
YoY +2.2% +1.3% +1.8% +8.0% +7.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 113,089 991 1,187 3,580 90.9 54 May 11, 2023 J-GAAP
Mar, 2024 128,026 4,825 5,617 3,501 91.5 87 May 14, 2024 J-GAAP
Mar, 2025 Guidance 134,000 6,300 6,500 5,700 148.4 150 Aug 7, 2024 J-GAAP
YoY +4.7% +30.6% +15.7% +62.8% +62.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 33,479 1,398 1,439 843 22.1 4.2 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 30,741 850 828 391 10.2 2.8 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 37,715 2,664 2,931 2,047 53.5 7.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 28,626 931 1,292 820 21.4 3.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 35,381 1,809 1,380 2,248 58.7 5.1 Nov 12, 2024 J-GAAP
YoY +5.7% +29.4% -4.1% +166.7% +166.0%

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