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KITAZAWA SANGYO, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 23%, Oct-Dec Ordinary Profit Decreases by 30%

Fri Feb 14, 2025 4:00 pm JST Earnings

9930 KITAZAWA SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

KITAZAWA SANGYO CO.,LTD. <9930> [TSE Std] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 22.9% from the same period last year to 579 million yen. The progress rate toward the full-year plan of 950 million yen was 60.9%, also falling below the five-year average of 68.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 16.3% from the same period last year, reaching 371 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 194 million yen, a 30.5% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 5.2%.

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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
Apr - Dec, 2022 11,561 387 438 247 13.3 57.3 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 12,298 682 751 464 25.0 70.2 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 10,936 519 579 405 21.8 60.9 Feb 14, 2025 J-GAAP
YoY -11.1% -23.9% -22.9% -12.7% -12.7%

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 8,423 573 598 370 19.9 8 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,324 557 565 326 17.5 8 Nov 13, 2024 J-GAAP
YoY +10.7% -2.8% -5.5% -11.9% -11.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,222 699 764 455 24.5 5 May 12, 2023 J-GAAP
Mar, 2024 16,471 994 1,070 665 35.8 8 May 10, 2024 J-GAAP
Mar, 2025 Guidance 16,850 900 950 575 30.9 8 May 10, 2024 J-GAAP
YoY +2.3% -9.5% -11.2% -13.5% -13.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,250 261 279 169 9.1 6.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,173 312 319 201 10.8 7.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,639 128 156 104 5.6 3.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,887 215 229 145 7.8 5.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 3,410 176 194 156 8.4 5.2 Feb 14, 2025 J-GAAP
YoY -19.8% -32.6% -30.5% -7.7% -7.6%

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