TOKYO, Apr 09 (Pulse News Wire) – Kojima CO.,LTD. (7513.T) reported robust second quarter results, with revenue reaching ¥143 billion, up 105.3% compared to the same period last year.
Operating profit stood at ¥4.074 billion, marking a slight decrease from the previous year but surpassing initial forecasts. Net income for the interim period was ¥832 million, reflecting a significant improvement from the previous year's ¥403 million. The company attributed its strong performance to increased sales of high-value-added products and improved gross margins across various segments. Notably, the mobile phone category saw a 105.4% increase in revenue year-over-year, while air conditioning units experienced a surge due to price concerns related to semiconductor costs. However, the television sector faced challenges amid reduced demand post-Windows 10 support termination.
In terms of expenses, Kojima noted higher personnel costs and advertising expenditures driven by investments in employee training and marketing campaigns such as the 70th anniversary "Black Friday Campaign." Despite these increases, the overall selling, general, and administrative expenses ratio decreased by 0.5 percentage points compared to the previous year, contributing positively to profitability. Looking ahead, Kojima revised its full-year earnings outlook upward, projecting revenues of ¥294 billion, representing a 104% growth year-over-year. The company also announced an enhanced dividend payout plan, increasing the expected annual dividend per share to ¥24 from the previously projected ¥20. Kojima’s balance sheet showed a net asset position of ¥71.539 billion, with a debt-to-equity ratio of 0.11, indicating a stable financial structure. The company remains optimistic about future prospects, driven by continued investment in technology and customer service improvements.
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