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KAPPA CREATE CO.,LTD., First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 29%

Fri Nov 8, 2024 3:30 pm JST Earnings

7421 KAPPA･CREATE CO.,LTD. 【J-GAAP】

Earnings Report

KAPPA CREATE CO.,LTD. <7421> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.4% from the same period last year to 564 million yen. The progress rate against the 1.82 billion yen full-year plan was 30.9%, also falling below the same period of the previous year of 45.3%.

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 34.5% from the same period last year, reaching 1.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 420 million yen, a 29.4% decrease compared to the same period last year. The operating profit margin worsened from 3.3% in the same period last year to 2.3%.

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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 34,820 -726 -728 -1,011 -12.0 ー Nov 8, 2022 J-GAAP
Apr - Sep, 2023 36,242 746 777 629 12.8 45.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 36,965 539 564 471 9.6 30.9 Nov 8, 2024 J-GAAP
YoY +2.0% -27.7% -27.4% -25.1% -25.2%

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 － － May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 36,965 539 564 471 9.6 0 Nov 8, 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 35,954 947 939 767 15.5 5 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 37,096 1,293 1,263 939 19.0 － Nov 8, 2024 J-GAAP
YoY +3.2% +36.5% +34.5% +22.4% +22.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 70,437 -1,102 -1,102 -3,041 -61.7 0 May 11, 2023 J-GAAP
Mar, 2024 72,196 1,693 1,716 1,396 28.3 5 May 9, 2024 J-GAAP
Mar, 2025 Guidance 74,061 1,832 1,827 1,410 28.6 － May 9, 2024 J-GAAP
YoY +2.6% +8.2% +6.5% +1.0% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,680 610 595 521 10.6 3.3 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 17,907 227 240 177 3.6 1.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 18,047 720 699 590 12.0 4.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 17,826 102 144 152 3.1 0.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 19,139 437 420 319 6.5 2.3 Nov 8, 2024 J-GAAP
YoY +2.5% -28.4% -29.4% -38.8% -38.8%

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