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KUBOTEK CORPORATION, First Half Ordinary Profit Turns to Profit, Exceeds Expectations, Exceeds Full-Year Plan

Fri Nov 1, 2024 3:40 pm JST Earnings

7709 KUBOTEK CORPORATION 【J-GAAP】

Earnings Report

KUBOTEK CORPORATION <7709> [TSE-S] announced its financial results after the market closed on November 1st (15:40). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 159 million yen (compared to a loss of 151 million yen in the same period last year), reversing from the forecast of a loss of 195 million yen to a profit.

This has already exceeded the planned deficit of loss of 165 million yen for the .

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to expand to a loss of 324 million yen (compared to a loss of 68 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 124 million yen (compared to a loss of 74 million yen in the same period last year). The operating profit/loss margin drastically improved from -28.5% in the same period last year to 17.8%.

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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 574 -107 -86 -92 -6.8 ー Oct 31, 2022 J-GAAP
Apr - Sep, 2023 451 -148 -151 -156 -11.4 ー Nov 2, 2023 J-GAAP
Apr - Sep, 2024 1,213 158 159 155 11.3 ー Nov 1, 2024 J-GAAP
YoY +169.0% － － － －

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 640 -190 -195 -200 -14.5 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 1,213 158 159 155 11.3 0 Nov 1, 2024 J-GAAP
Revision Rate +89.5% － － － －

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 855 -68 -68 -117 -8.5 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 387 -318 -324 -340 -24.7 0 Nov 1, 2024 J-GAAP
YoY -54.7% -367.6% -376.5% -190.6% -190.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,217 -194 -179 -204 -14.9 0 May 15, 2023 J-GAAP
Mar, 2024 1,306 -216 -219 -273 -19.8 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 1,600 -160 -165 -185 -13.4 0 May 15, 2024 J-GAAP
YoY +22.5% +25.9% +24.7% +32.2% +32.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 249 -71 -74 -76 -5.6 -28.5 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 195 -84 -84 -85 -6.2 -43.1 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 660 16 16 -32 -2.3 2.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 535 37 35 34 2.5 6.9 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 678 121 124 121 8.8 17.8 Nov 1, 2024 J-GAAP
YoY +172.3% － － － －

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