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KONDOTEC INC., First Half Ordinary Profit Revised Downward to an Unexpected 7%Decrease

Fri Nov 8, 2024 2:00 pm JST Earnings

7438 KONDOTEC INC. 【J-GAAP】

Earnings Report

KONDOTEC INC. <7438> [TSE-P] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.4% from the same period last year to 2.15 billion yen, resulting in a decrease in profits compared to the previous forecast of a 0.7% increase.

The progress rate against the 4.95 billion yen full-year plan was 43.6%, also falling below the five-year average of 46.8%.

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 9.9% from the same period last year, reaching 2.79 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.18 billion yen, a 8.5% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 5.8%.

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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 36,229 1,938 2,038 1,289 50.6 44.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 37,864 2,234 2,330 1,545 60.6 47.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 38,640 2,042 2,157 1,525 59.7 43.6 Nov 8, 2024 J-GAAP
YoY +2.0% -8.6% -7.4% -1.3% -1.5%

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 39,959 2,245 2,346 1,563 61.1 23 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 38,640 2,042 2,157 1,525 59.7 23 Nov 8, 2024 J-GAAP
Revision Rate -3.3% -9.0% -8.1% -2.4% -2.3%

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 39,009 2,439 2,542 1,720 67.4 20 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 42,860 2,708 2,793 1,775 69.4 23 Nov 8, 2024 J-GAAP
YoY +9.9% +11.0% +9.9% +3.2% +2.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 75,447 4,355 4,563 2,414 94.8 34 May 12, 2023 J-GAAP
Mar, 2024 76,873 4,673 4,872 3,265 128.0 40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 81,500 4,750 4,950 3,300 129.0 46 May 14, 2024 J-GAAP
YoY +6.0% +1.6% +1.6% +1.1% +0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 19,102 1,253 1,298 872 34.2 6.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 20,043 1,392 1,442 962 37.7 6.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 18,966 1,047 1,100 758 29.7 5.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 19,134 913 969 622 24.4 4.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 19,506 1,129 1,188 903 35.4 5.8 Nov 8, 2024 J-GAAP
YoY +2.1% -9.9% -8.5% +3.6% +3.3%

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