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KYOWA ENGINEERING CONSULTANTS CO.,LTD., December-August (Third Quarter Cumulative) Ordinary Profit Increases by 25%, Exceeds Full-Year Plan

Fri Oct 11, 2024 3:00 pm JST Earnings

9647 KYOWA ENGINEERING CONSULTANTS CO.,LTD. 【J-GAAP】

Earnings Report

KYOWA ENGINEERING CONSULTANTS CO.,LTD. <9647> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) increased by 25.5% from the same period last year, reaching 695 million yen. The progress rate against the full-year plan of 680 million yen is 102.2%, but was lower than the the five-year average of 108.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to November period (4Q) is expected to turn into a loss of 15 million yen (compared to a profit of 102 million yen in the same period last year).

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit increased by 71.4% from the same period last year, reaching 132 million yen. The operating profit margin improved from 4.5% in the same period last year to 7.3%.

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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
Dec - Aug, 2021 5,996 523 515 302 517.9 93.8 Oct 14, 2022 J-GAAP
Dec - Aug, 2022 5,922 563 554 360 616.8 84.5 Oct 13, 2023 J-GAAP
Dec - Aug, 2023 6,156 697 695 467 799.7 102.2 Oct 11, 2024 J-GAAP
YoY +4.0% +23.8% +25.5% +29.7% +29.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 3,450 146 179 82 140.5 30 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 3,445 124 117 26 44.5 30 Jul 12, 2024 J-GAAP
YoY -0.1% -15.1% -34.6% -68.3% -68.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 7,744 546 549 324 554.9 30 Jan 13, 2023 J-GAAP
Nov, 2023 7,679 632 656 402 688.9 30 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 7,800 690 680 410 701.1 30 Jan 12, 2024 J-GAAP
YoY +1.6% +9.2% +3.7% +2.0% +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,693 77 77 40 68.5 4.5 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 1,757 69 102 42 72.0 3.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,974 232 231 163 279.7 11.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,381 334 332 221 378.2 14.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,801 131 132 83 142.1 7.3 Oct 11, 2024 J-GAAP
YoY +6.4% +70.1% +71.4% +107.5% +107.4%

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