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KANTSU CO.,LTD., First Half Ordinary Profit Decreases by 52%, June-Augus Ordinary Profit Decreases by 85%

Fri Oct 11, 2024 4:00 pm JST Earnings

9326 KANTSU CO.,LTD. 【J-GAAP】

Earnings Report

KANTSU CO.,LTD. <9326> [TSE-G] announced its financial results after the market closed on October 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 51.9% from the same period last year to 78 million yen. The progress rate against the 522 million yen full-year plan was 14.9%, also falling below the five-year average of 41.5%.

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 September to February period (second half) is expected to expand by 82.0% from the same period last year, reaching 444 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 16 million yen, a 84.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 3.7% in the same period last year to 0.6%.

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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
Mar - Aug, 2022 5,107 191 175 113 11.0 48.6 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 5,619 164 162 115 11.5 39.9 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 7,579 99 78 49 5.0 14.9 Oct 11, 2024 J-GAAP
YoY +34.9% -39.6% -51.9% -57.4% -56.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 7,492 98 91 62 6.2 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 7,579 99 78 49 5.0 0 Oct 11, 2024 J-GAAP
Revision Rate +1.2% +1.0% -14.3% -21.0% -19.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 6,319 246 244 -66 -6.7 10 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 8,292 443 444 303 30.2 10 Oct 11, 2024 J-GAAP
YoY +31.2% +80.1% +82.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 10,493 392 360 628 61.2 10 Apr 14, 2023 J-GAAP
Feb, 2024 11,938 410 406 49 4.9 10 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 15,871 542 522 352 35.1 10 Apr 12, 2024 J-GAAP
YoY +32.9% +32.2% +28.6% +618.4% +610.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,843 104 105 74 7.4 3.7 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 3,061 107 112 78 7.8 3.5 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 3,258 139 132 -144 -14.5 4.3 Apr 12, 2024 J-GAAP
Mar - May, 2024 3,761 78 62 38 3.8 2.1 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 3,818 21 16 11 1.1 0.6 Oct 11, 2024 J-GAAP
YoY +34.3% -79.8% -84.8% -85.1% -84.8%

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