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Keihanshin Building Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 6%

Wed Oct 30, 2024 4:30 pm JST Earnings

8818 Keihanshin Building Co., Ltd. 【J-GAAP】

Earnings Report

Keihanshin Building Co., Ltd. <8818> [TSE-P] announced its financial results after the market closed on October 30th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.74 billion yen, a 1.2% increase compared to the same period last year. However, The progress rate against the 5.5 billion yen full-year plan was 50.0%, also falling below the five-year average of 54.3%.

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 grow by 29.4% from the same period last year, reaching 2.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.22 billion yen, a 5.9% decrease compared to the same period last year. The operating profit margin decreased from 29.3% in the same period last year to 27.1%.

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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 9,330 3,072 2,973 2,747 55.1 59.0 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 9,861 2,835 2,716 2,338 47.7 56.1 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 9,701 2,762 2,749 1,903 38.9 50.0 Oct 30, 2024 J-GAAP
YoY -1.6% -2.6% +1.2% -18.6% -18.5%

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 ー ー ー ー － 18.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 9,701 2,762 2,749 1,903 38.9 18.50 Oct 30, 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 9,449 2,248 2,126 1,455 29.7 19 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,999 2,838 2,751 1,897 39.1 18.50 Oct 30, 2024 J-GAAP
YoY +5.8% +26.2% +29.4% +30.4% +31.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,879 5,375 5,040 4,186 84.7 36 May 12, 2023 J-GAAP
Mar, 2024 19,310 5,083 4,842 3,793 77.5 37 May 14, 2024 J-GAAP
Mar, 2025 Guidance 19,700 5,600 5,500 3,800 78.2 37 May 14, 2024 J-GAAP
YoY +2.0% +10.2% +13.6% +0.2% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,899 1,436 1,301 1,062 21.7 29.3 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 4,794 1,350 1,300 904 18.5 28.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 4,655 898 826 551 11.3 19.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,769 1,425 1,525 1,060 21.7 29.9 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 4,932 1,337 1,224 843 17.2 27.1 Oct 30, 2024 J-GAAP
YoY +0.7% -6.9% -5.9% -20.6% -20.5%

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