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
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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. |
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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.