Kato Sangyo (9869) Q3 2024 earnings summary

Executive summary

• Operating revenue rose 6.8% year-over-year to ¥869.7 billion for the nine months ended June 30, 2024.

• Operating profit increased slightly by 0.6% to ¥12.88 billion, while ordinary profit was flat at ¥14.42 billion.

• Profit attributable to owners of parent grew 11.5% year-over-year to ¥10.69 billion.

• Earnings per share increased to ¥332.53 from ¥284.97 in the prior year period.

Financial highlights

• Gross profit improved to ¥57.45 billion from ¥54.26 billion year-over-year.

• Comprehensive income attributable to owners of parent reached ¥14.05 billion, up from ¥13.64 billion.

• Cash and cash equivalents at period end decreased to ¥73.91 billion from ¥83.13 billion.

• Net assets increased to ¥157.89 billion as of June 30, 2024.

Outlook and guidance

• Full-year operating revenue forecast at ¥1,149 billion, up 4.5% year-over-year.

• Full-year operating profit projected at ¥17.0 billion, ordinary profit at ¥18.52 billion, and profit attributable to owners of parent at ¥13.8 billion (up 15%).

• Full-year EPS forecasted at ¥446.49.

• Annual dividend forecast raised to ¥120 per share.