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GOURMET KINEYA CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 95%

Wed Nov 13, 2024 3:30 pm JST Earnings

9850 GOURMET KINEYA CO.,LTD. 【J-GAAP】

Earnings Report

GOURMET KINEYA CO.,LTD. <9850> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 575 million yen (compared to a loss of 323 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 95.2%, from the previous forecast of 609 million yen to 1.18 billion yen (compared to 378 million yen in the previous period), increasing the growth rate from 61.1% to 3.1 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 12.4% from the same period last year to 614 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 435 million yen (compared to a loss of 76 million yen in the same period last year). The operating profit/loss margin significantly improved from -0.6% in the same period last year to 4.0%.

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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 13,048 -592 -620 -809 -35.4 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 16,811 -287 -323 434 19.0 ー Nov 7, 2023 J-GAAP
Apr - Sep, 2024 20,121 536 575 341 14.9 48.4 Nov 13, 2024 J-GAAP
YoY +19.7% － － -21.4% -21.3%

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 － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 20,121 536 575 341 14.9 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 39,593 649 609 215 9.4 6 May 14, 2024 J-GAAP
Mar, 2025 New 42,165 1,207 1,189 441 19.3 6 Nov 13, 2024 J-GAAP
Revision Rate +6.5% +86.0% +95.2% +105.1% +105.1%

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 20,222 709 701 662 29.0 6 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,044 671 614 100 4.4 6 Nov 13, 2024 J-GAAP
YoY +9.0% -5.4% -12.4% -84.9% -84.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 29,894 -386 -477 -1,150 -50.3 0 May 12, 2023 J-GAAP
Mar, 2024 37,033 422 378 1,096 47.9 6 May 14, 2024 J-GAAP
Mar, 2025 Guidance 42,165 1,207 1,189 441 19.3 6 Nov 13, 2024 J-GAAP
YoY +13.9% +186.0% +214.6% -59.8% -59.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,628 -54 -76 555 24.3 -0.6 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 11,338 875 873 622 27.2 7.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,884 -166 -172 40 1.8 -1.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,738 124 140 43 1.9 1.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,383 412 435 298 13.1 4.0 Nov 13, 2024 J-GAAP
YoY +20.3% － － -46.3% -46.2%

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