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KITAKEI CO.,LTD, December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 4%, June-Augus Ordinary Profit Decreases by 21%

Thu Oct 3, 2024 3:30 pm JST Earnings

9872 KITAKEI CO.,LTD 【J-GAAP】

Earnings Report

KITAKEI CO.,LTD <9872> [TSE-S] announced its financial results after the market closed on October 3rd (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) decreased by 3.9% from the same period last year to 811 million yen. The progress rate against the 1.19 billion yen full-year plan was 68.2%, also falling below the five-year average of 73.2%.

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 September to November period (4Q) is expected to grow by 15.5% from the same period last year, reaching 379 million yen.

In the most recent three-month period, from June to August (3Q), the ordinary profit decreased to 215 million yen, a 20.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 1.5% in the same period last year to 1.2%.

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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 45,110 599 732 468 50.5 72.8 Oct 3, 2022 J-GAAP
Dec - Aug, 2022 45,967 692 844 589 63.6 72.0 Oct 2, 2023 J-GAAP
Dec - Aug, 2023 44,834 678 811 508 54.8 68.2 Oct 3, 2024 J-GAAP
YoY -2.5% -2.0% -3.9% -13.8% -13.8%

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 31,478 501 599 422 45.5 36.50 Dec 28, 2023 J-GAAP
Jun - Nov, 2024 Guidance 34,559 488 594 386 41.6 28 Jul 3, 2024 J-GAAP
YoY +9.8% -2.6% -0.8% -8.5% -8.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 60,874 822 1,005 641 69.1 24 Dec 28, 2022 J-GAAP
Nov, 2023 62,368 974 1,172 812 87.6 36.50 Dec 28, 2023 J-GAAP
Nov, 2024 Guidance 64,600 990 1,190 761 82.0 28 Dec 28, 2023 J-GAAP
YoY +3.6% +1.6% +1.5% -6.3% -6.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 15,077 219 271 199 21.5 1.5 Oct 2, 2023 J-GAAP
Sep - Nov, 2023 16,401 282 328 223 24.1 1.7 Dec 28, 2023 J-GAAP
Dec - Feb, 2023 15,131 267 319 202 21.9 1.8 Apr 3, 2024 J-GAAP
Mar - May, 2024 14,910 235 277 173 18.7 1.6 Jul 3, 2024 J-GAAP
Jun - Aug, 2024 14,793 176 215 133 14.4 1.2 Oct 3, 2024 J-GAAP
YoY -1.9% -19.6% -20.7% -33.2% -33.2%

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