Inactive Instrument

KITO CORP

Equities

6409

JP3240800007

(Presentation Slides) Financial Results for the Quarter ended Sep 30, 2021

November 04, 2021 at 04:22 am

Financial Results

for the Quarter

ended September 30, 2021

KITO CORPORATION

TSE 1st Section: 6409

November 4, 2021

FY2021 Q2 / 3 Months Summary

	FY2021 Q2	Change from	Change from
(JPY in Million)	3 months	FY2020 Q2	FY2019 Q2

Sales	14,495	+21.0%
Op Income	1,467	+43.4%
Net Income *	1,017	+108.1%

+1.4%

+9.5%

+34.7%

- Net Income attributable to owners of parent
Continued to increased production in response to strong demand in North America and Europe.
Demand recovery has been only tepid in Japan and Asia. Growing demand related to infrastructure investment is expected.
Focused on securing supply chains such as material suppliers and transportation routes.

FY2021 Q2 Financial Results

FY2021 Forecast

Reference

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

FY2021 Q2 / 6 months Summary

JPY in millionFY2019 Q2 FY2020 Q2 FY2021 Q2 YoY change

Sales		27,548	22,041	28,293	+28.4%
Gross Profit		10,341	7,973	10,151	+27.3%
Gross Profit/ Sales		37.5%	36.2%	35.9%

Operating Income		2,177	1,247	2,459	+97.1%
Operating Income / Sales		7.9%	5.7%	8.7%

Ordinary Income		1,795	1,213	2,412	+98.8%
Ordinary Income / Sales		6.5%	5.5%	8.5%
Net Income		1,083	166	1,678	+905.6%
Net Income / Sales		3.9%	0.8%	5.9%

EBITDA		3,675	2,709	3,977
Op Income + Depreciation
Note: Exchange Rate (FY2020 1H	-> FY2021 1H)
USD/JPY 106.9->109.8 CAD/JPY 78.7->88.3	EUR/JPY 121.3->130.9 RMB/JPY 15.4->16.7

Quarterly Net Sales and Operating Margin

Sales up to Q2 were at all-time highs for the period.

Sales		Op Margin	JPY in million

20,000										25%
		15,204 15,969			16,225		14,495
16,000							20%
13,24714,301				11,982	13,538	13,797
12,000		11.6%		10,058	12.8%				15%
	9.4%	9.6%			9.1%	7.2% 10.1%
8,000			8.5%		10%
6.3%
4,000				2.2%						5%
0										0%
Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2

Op Income 837

1,339

1,769

1,526

224

1,022

1,728

1,481

992

1,467

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 © 2021 KITO CORPORATION All rights reserved.

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KITO Corporation published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 04:21:06 UTC.

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Company Profile

KITO CORPORATION is a Japan-based company mainly engaged in the development, manufacture and sale of hoists, cranes and chains. The Company operates through Japan, the Americas, China, Asia, Europe and other six geography segments. The Company also provides parts and maintenance services. The Company adopts an agency system and supplies mainly through the general distribution channels of dealers affiliated with special agents. Main products are cranes, pillow hook devices, balancers, chain products, manual chain blocks, lever blocks, manual trolleys and other manual products, as well as electric chain blocks, electric trolleys, rope hoists and other electric products.

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