K.R.S. Corporation (9369) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended August 31, 2024, rose 5.7% year-over-year to ¥145,215 million, with operating profit up 62.3% and net profit attributable to shareholders up 111.6%.

• Recovery from prior year’s avian influenza impact and increased demand in food logistics contributed to growth, despite ongoing cost pressures and labor shortages.

• The company advanced its mid-term plan focusing on operational efficiency, adaptation to market changes, overseas expansion, and new business areas.

Financial highlights

• Operating profit reached ¥4,930 million, up 62.3% year-over-year; ordinary profit was ¥4,447 million, up 67.7%.

• Net profit attributable to shareholders was ¥2,444 million, up 111.6% year-over-year.

• Comprehensive income for the period was ¥3,701 million, up 104.5% year-over-year.

• EPS for the period was ¥98.34, compared to ¥46.48 in the prior year.

Outlook and guidance

• Full-year revenue forecast is ¥192,000 million (+4.0% YoY), with operating profit of ¥5,400 million (+34.0%) and net profit of ¥2,200 million (+29.7%).

• No changes to previously announced guidance as of July 4, 2024.