Financial Results

for the Quarter

ended December 31, 2021

KITO CORPORATION

TSE 1st Section: 6409

February 8, 2022

Copyright © 2022 KITO CORPORATION All rights reserved.

FY2021 Q3 / 3 Months Summary

(JPY in Million)

FY2021 Q3

Change from

Change from

3 months

FY2020 Q3

FY2019 Q3

Sales

15,950

Op Income

1,460

Net Income *

1,193

+17.8 % +4.9 %

(15.5)% (17.5)%

+4.0 % +13.8 %

  • Continued to increased production in response to strong recovery of demand in North America and Europe.
  • Demand recovery has been recovering moderately in Japan and Asia. Growing demand related to infrastructure investment is expected.
  • Focused on maintaining customer service by securing supply chains such as material suppliers and transportation routes.
  • The impact on profits due to soaring costs of materials and transportation became apparent.

Copyright © 2022 KITO CORPORATION All rights reserved.

2

1

2

3

FY2021 Q3 Financial Results

FY2021 Forecast

Reference

  • Five Year Financial Results (FY2016 - FY2020)
  • Kito's Business

Copyright © 2022 KITO CORPORATION All rights reserved.

3

FY2021 Q3 / 9 Months Summary

JPY in millionFY2019 Q3 FY2020 Q3 FY2021 Q3 YoY change

Sales

42,753

35,580

44,243

+24.4%

Gross Profit

16,080

13,148

15,891

+20.9%

Gross Profit/ Sales

37.6%

37.0%

35.9%

Operating Income

3,947

2,976

3,919

+31.7%

Operating Income / Sales

9.2%

8.4%

8.9%

Ordinary Income

3,482

2,880

3,964

+37.7%

Ordinary Income / Sales

8.1%

8.1%

9.0%

Net Income

2,131

1,314

2,871

+118.4%

Net Income / Sales

5.0%

3.7%

6.5%

EBITDA

6,178

5,172

6,152

Op Income + Depreciation

Note: Exchange Rate (FY2020 Q3 -> FY2021 Q3)

USD/JPY 106.1->111.1 CAD/JPY 79.2->89.0

EUR/JPY 122.4->130.6 RMB/JPY 15.4->16.8

Copyright © 2022 KITO CORPORATION All rights reserved.

4

Quarterly Net Sales and Operating Margin

  • Sales up to Q3 were at all-time highs for the period due to demand recovery.
  • The impact on profits due to soaring costs of materials and transportation became apparent.

Sales

Op Margin

JPY in million

20,000

25%

14,301

15,20415,969

16,225

14,495

15,950

16,000

13,538

13,797

20%

13,247

11,982

12,000

12.8%

15%

11.6% 9.6% 10,058

10.1%

8,000

6.3%

9.4%

8.5%

9.1%

7.2%

9.2%

10%

4,000

2.2%

5%

0

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

0%

Op

837

1,339

1,769

1,526

224

1,022

1,728

1,481

992

1,467

1,460

Income

FY 2019

FY 2020

FY 2021 Fcst

Sales 58,722

Sales 51,805

Sales 59,000

Op Income 5,474

Op Income 4,457

Op Income 5,500

5

Copyright © 2022 KITO CORPORATION All rights reserved.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

KITO Corporation published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 04:20:09 UTC.