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Kin-Ei Corp, Feb-Oct (Third Quarter Cumulative) Ordinary Profit Increases by 8%, Aug-Oct Ordinary Profit Increases by 34%

Fri Dec 13, 2024 3:30 pm JST Earnings

9636 Kin-Ei Corp. 【J-GAAP】

Earnings Report

Kin-Ei Corp. <9636> [TSE Std] announced its financial results after the market closed on December 13th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) increased 8.3% from the same period last year, reaching 249 million yen. The progress rate toward the full-year plan of 250 million yen was 99.6%, also surpassing the five-year average of 86.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the November to January period (4Q) is expected to significant drop 95.8% from the same period last year to 1 million yen.

In the most recent three-month period, from August to October (3Q), the ordinary profit increased 34.5% from the same period last year, reaching 78 million yen. The operating profit margin improved from 6.8% in the same period last year to 7.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Feb - Oct, 2022 2,488 149 154 120 43.4 84.2 Dec 14, 2022 J-GAAP
Feb - Oct, 2023 2,706 231 230 151 54.3 90.6 Dec 13, 2023 J-GAAP
Feb - Oct, 2024 2,707 240 249 165 59.4 99.6 Dec 13, 2024 J-GAAP
YoY +0.0% +3.9% +8.3% +9.3% +9.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 1,737 83 82 37 13.4 10 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 1,725 71 79 38 13.6 10 Sep 5, 2024 J-GAAP
YoY -0.7% -14.5% -3.7% +2.7% +2.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 3,344 174 183 124 44.7 10 Mar 14, 2023 J-GAAP
Jan, 2024 3,570 255 254 154 55.6 10 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 3,520 240 250 155 55.6 10 Sep 5, 2024 J-GAAP
YoY -1.4% -5.9% -1.6% +0.6% +0.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 873 59 58 34 12.2 6.8 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 864 24 24 3 1.1 2.8 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 960 122 124 86 30.9 12.7 Jun 14, 2024 J-GAAP
May - Jul, 2024 835 47 47 31 11.1 5.6 Sep 9, 2024 J-GAAP
Aug - Oct, 2024 912 71 78 48 17.3 7.8 Dec 13, 2024 J-GAAP
YoY +4.5% +20.3% +34.5% +41.2% +41.4%

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