Kato Seisakusho --- Revision of the financial estimates for the fiscal year ending March 2025.
Kato Manufacturing Company <6390> announced on the 13th that it has revised its consolidated performance Financial Estimates for the fiscal year ending March 2025, which will be published on November 8, 2024. For the fiscal year ending March 2025, the domestic market continues to face a challenging sales environment due to delays in the sales of new high-end large rough terrain cranes, a decrease in repurchase demand due to falling prices in the used car market, and a sluggish demand for construction machinery due to a shortage of personnel involved in construction work. Additionally, in Overseas markets, there is a holdback in the USA ahead of the presidential election and in the European Index there is demand uncertainty.
Kato Manufacturing --- In the third quarter, ordinary profit increased until the profit period, and the loss margin of the China segment improved significantly.
On the 13th, Kato Manufacturing Co., Ltd. <6390> announced its consolidated financial results for the third quarter of the fiscal year ending March 2025 (April to December 2024). Revenue was 36.815 billion yen, down 8.8% year-on-year, operating profit was 0.897 billion yen, up 1.1% year-on-year, ordinary profit was 1.752 billion yen, up 1.4% year-on-year, and quarterly net loss attributable to the shareholders was 4.831 billion yen (compared to a profit of 2.877 billion yen in the same period last year). Revenue for the Japan segment was 32.257 billion yen, down 89.2% year-on-year, and segment profit was the same.
Nothing special today [Emerging Markets rating list]
Nothing particularly noteworthy today.
Stocks that moved or were traded in the first half of the session.
*Takasago International Corporation <4914> 6150 -Significantly revised upward the financial estimates and dividend forecasts. *GMO Internet <4784> 1350 +214 The guidance for this period and expectations for increased dividends continue to have an impact. *PeptiDream <4587> 2343.5 +354 The guidance for increased profits this period is viewed positively. *PKSHA Technology <3993> 4720 +700 The first quarter showed significant profit growth and good progress. *Lion Corporation <4912> 1858.
Haseko, Daiwa House, ETC (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous Change After -------------------------------------------------------- <8056> BIPROGY City "3" "2" Downgraded - Bearish Code Stock Name Brokerage Firm Previous Change After -------------------------------------------------------- <3659> Nexon Nomura "Buy" "
Sakai Heavy - Although there was a decline in revenue in the third quarter, there are signs of a bottoming out in sales within China.
On the 13th, Sakai Heavy Industries <6358> announced its consolidated financial results for the third quarter of the fiscal year ending March 2025 (April-December 2024). Revenue decreased by 16.7% year-on-year to 20.243 billion yen, operating profit decreased by 47.0% to 1.368 billion yen, ordinary profit decreased by 47.2% to 1.413 billion yen, and quarterly net profit attributable to shareholders of the parent company decreased by 26.3% to 1.435 billion yen. In Japan, revenue decreased by 13.7% from the previous term to 15.348 billion yen, and operating profit decreased by 65.1%.