2024年12月期第２四半期（中間期）決算説明資料 | KURIYAMA HOLDINGS CORPORATION (3355) timely disclosure

Worth reading

76Important

Scored from 5 of 6 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

3628

¥ million (year-on-year increase in revenue)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentation2024年12月期中間期11 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥40,326 million+9.9%

Operating profit¥2,780 million+22.9%

Ordinary income¥3,106 million+21.5%

Net income¥2,109 million +17.5%interim net income attributable to owners of the parent

Operating profit margin6.9 %

Full-year earnings forecast

Net Sales

¥73,000 million

Operating profit

¥4,400 million

Ordinary income

¥4,900 million

Profit attributable to owners of the parent

¥3,300 million

ROE

8 %

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Change in cash and cash equivalents

Interim net income before income taxes3,088

Depreciation and amortization740

Decrease in trade receivables905

Decrease in Short-Term Borrowings-497

Decrease in long-term borrowings-537

Dividends paid-888

Acquisition of Property, Plant and Equipment-679

Acquisition of intangible assets-23

有形固定資産の売却42

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Exchange rate

USD140 各通貨

CAD103 各通貨

EUR150 各通貨

RMB20 各通貨

New initiatives

スポーツアパレル事業からの撤退
北米での産業資材事業の展開
オセアニア販売会社の本格営業開始
グループオリジナルChatGPTの運用開始
国内従業員向け譲渡制限付き株式（RS）付与制度の導入
DX推進・DX認定申請準備

Key KPIsA metric the company considers important as a management benchmark.

Equity ratio61.2 %
Year on year against the same period last year-0.2%
ROE8 %
PBR0.58 times
PER7.38 times
米国メーカーの市場シェア23.2 %
日系メーカーの市場シェア18.3 %

Segment results

Asia Business

Net Sales

¥13,483 million-0.6%

Operating profit

¥1,373 million+17.2%

Industrial Materials

Net Sales

¥8,560 million-4.0%

Operating profit

¥1,100 million-16.0%

Sports and Construction Materials

Net Sales

¥4,538 million+5.3%

Operating profit

¥439 million+5,680.9%

Other

Net Sales

¥384 million+13.7%

Operating profit

¥-165 million

North America Business

Net Sales

¥23,763 million+18.5%

Operating profit

¥1,725 million+41.4%

Europe, South America and Oceania Business

Net Sales

¥3,078 million+0.2%

Operating profit

¥320 million-8.8%

Financial targets

ROE

2024年予想8 %

Consolidated payout ratio

Target30 % or higher

DOE

Guideline2.5 %

Market Size / Share

建機・農機メーカー市場シェア

米国メーカー23.2 %

Japanese manufacturers18.3 %

Chinese manufacturer7.9 %

Other37.8 %

Number of employees

海外派遣人数4 people

期中の状況米国2名、オランダ1名、タイ1名に出向

Capital expenditures

¥3,000 million2024年通期投資計画

Annual Dividend

2024年予想

Annual¥45 per share

Breakdown中間配当22円50銭、期末配当22円50銭

Payout ratio

2024年予想26.7 %

TargetAt least 30%

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	2024年12月期中間期
Net Sales	¥40,326 million (YoY +9.9%)
Operating profit	¥2,780 million (YoY +22.9%)
Ordinary income	¥3,106 million (YoY +21.5%)
Net income	¥2,109 million (interim net income attributable to owners of the parent) (YoY +17.5%)
Operating profit margin	6.9 %
Full-year earnings forecast	Net Sales ¥73,000 million / Operating profit ¥4,400 million / Ordinary income ¥4,900 million / Profit attributable to owners of the parent ¥3,300 million / ROE 8 %
Segment results	Asia Business Net Sales ¥13,483 million (YoY -0.6%) / Operating profit ¥1,373 million (YoY +17.2%) / Industrial Materials Net Sales ¥8,560 million (YoY -4.0%) / Operating profit ¥1,100 million (YoY -16.0%) / Sports and Construction Materials Net Sales ¥4,538 million (YoY +5.3%) / Operating profit ¥439 million (YoY +5,680.9%) / Other Net Sales ¥384 million (YoY +13.7%) / Operating profit ¥-165 million / North America Business Net Sales ¥23,763 million (YoY +18.5%) / Operating profit ¥1,725 million (YoY +41.4%) / Europe, South America and Oceania Business Net Sales ¥3,078 million (YoY +0.2%) / Operating profit ¥320 million (YoY -8.8%)
Breakdown of Factors Affecting the Change	Change in cash and cash equivalents Interim net income before income taxes 3,088 / Depreciation and amortization 740 / Decrease in trade receivables 905 / Decrease in Short-Term Borrowings -497 / Decrease in long-term borrowings -537 / Dividends paid -888 / Acquisition of Property, Plant and Equipment -679 / Acquisition of intangible assets -23 / 有形固定資産の売却 42
Key KPIs	Indicator name Equity ratio / Value 61.2 % / Year on year against the same period last year -0.2 %, Indicator name ROE / Value 8 % / Year on year against the same period last year Not disclosed, Indicator name PBR / Value 0.58 times / Year on year against the same period last year Not disclosed, Indicator name PER / Value 7.38 times / Year on year against the same period last year Not disclosed, Indicator name 米国メーカーの市場シェア / Value 23.2 % / Year on year against the same period last year Not disclosed, Indicator name 日系メーカーの市場シェア / Value 18.3 % / Year on year against the same period last year Not disclosed
Number of employees	海外派遣人数 4 people / 期中の状況米国2名、オランダ1名、タイ1名に出向
Assumptions Underlying the Business Outlook	Exchange rate USD 140 各通貨 / CAD 103 各通貨 / EUR 150 各通貨 / RMB 20 各通貨
Financial targets	ROE 2024年予想 8 % / Consolidated payout ratio Target 30 % or higher / DOE Guideline 2.5 %
Annual Dividend	2024年予想 Annual ¥45 per share / Breakdown 中間配当22円50銭、期末配当22円50銭
Payout ratio	2024年予想 26.7 % / Target At least 30%
Capital expenditures	3,000 百万円（2024年通期投資計画）
Market Size / Share	建機・農機メーカー市場シェア米国メーカー 23.2 % / Japanese manufacturers 18.3 % / Chinese manufacturer 7.9 % / Other 37.8 %
New initiatives	スポーツアパレル事業からの撤退, 北米での産業資材事業の展開, オセアニア販売会社の本格営業開始, グループオリジナルChatGPTの運用開始, 国内従業員向け譲渡制限付き株式（RS）付与制度の導入, DX推進・DX認定申請準備

Items this document does not state (12)

Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

北米事業では、米国市場でのホース・継手販売、物流機能の最適化、円安が増収に寄与し、製造・物流コストの抑制も増益に寄与した。アジア事業では、文教施設の改修需要や鉄道施設の改修工事がスポーツ・建設資材の販売を押し上げた一方、建機・農機の生産台数減少や中国景気低迷が産業資材の販売を押し下げた。欧州・南米・オセアニア事業では、アルゼンチン子会社への超インフレ会計適用が減益要因となった。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.

Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.

Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.