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KOMATSU WALL INDUSTRY CO., LTD., First Half Ordinary Profit Decreases by 24%, July-September Ordinary Profit Decreases by 11%

Thu Oct 31, 2024 3:00 pm JST Earnings

7949 KOMATSU WALL INDUSTRY CO., LTD. 【J-GAAP】

Earnings Report

KOMATSU WALL INDUSTRY CO., LTD. <7949> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.7% from the same period last year to 1.04 billion yen. The progress rate against the 3.85 billion yen full-year plan was 27.2%, almost the same as the five-year average of 27.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 18.8% from the same period last year, reaching 2.8 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 812 million yen, a 11.5% decrease compared to the same period last year. The operating profit margin worsened from 8.4% in the same period last year to 6.8%.

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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 16,074 282 312 196 10.6 13.2 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 19,691 1,300 1,373 950 51.1 36.8 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 20,117 971 1,048 738 39.6 27.2 Oct 31, 2024 J-GAAP
YoY +2.2% -25.3% -23.7% -22.3% -22.6%

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 20,800 1,000 1,020 660 35.4 30 Apr 25, 2024 J-GAAP
Apr - Sep, 2024 Results 20,117 971 1,048 738 39.6 30 Oct 31, 2024 J-GAAP
Revision Rate -3.3% -2.9% +2.7% +11.8% +11.8%

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 23,860 2,340 2,359 1,825 98.0 35 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,883 2,829 2,802 2,112 120.4 35 Oct 31, 2024 J-GAAP
YoY +8.5% +20.9% +18.8% +15.7% +22.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,772 2,306 2,363 1,627 87.6 47.50 Apr 27, 2023 J-GAAP
Mar, 2024 43,551 3,640 3,732 2,775 149.0 62.50 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 46,000 3,800 3,850 2,850 162.4 65 Aug 8, 2024 J-GAAP
YoY +5.6% +4.4% +3.2% +2.7% +9.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,783 901 917 614 33.0 8.4 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 11,667 1,305 1,315 900 48.4 11.2 Jan 25, 2024 J-GAAP
Jan - Mar, 2024 12,193 1,035 1,044 925 49.7 8.5 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 9,186 224 236 157 8.4 2.4 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 10,931 747 812 581 31.2 6.8 Oct 31, 2024 J-GAAP
YoY +1.4% -17.1% -11.5% -5.4% -5.7%

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