KK Daiichi Kosho

Latest Results (14.08.2024):

Record Net Sales

KK Daiichi Kosho reported record net sales for the fiscal year ended March 31, 2024. The company achieved consolidated net sales of 146.7 billion yen, marking a 14.5% increase compared to the previous fiscal year. This significant growth was driven by the recovery in the commercial karaoke segment and increased customer flow in karaoke cabins and restaurants.

Operating Profit Surge

For FY2023, KK Daiichi Kosho's operating profit surged to 18.6 billion yen, representing a 43.8% increase from the previous year. This improvement was attributed to higher net sales and effective cost management, despite the challenges posed by increased expenses in certain areas.

Ordinary Profit Growth

KK Daiichi Kosho's ordinary profit for the fiscal year ended March 31, 2024, reached 19.6 billion yen, up 43.9% from the previous year. The growth in ordinary profit was primarily due to the robust performance in the commercial karaoke and karaoke cabins and restaurants segments.

Extraordinary Income and Losses

During FY2023, KK Daiichi Kosho recorded extraordinary income of 396 million yen, mainly from the gain on the sale of shares of subsidiaries and associates. However, the company also reported extraordinary losses of 1.26 billion yen, primarily due to impairment losses on karaoke cabin and restaurant facilities and parking lot facilities.

Positive Outlook for FY2024

Looking ahead to the fiscal year ending March 31, 2025, KK Daiichi Kosho anticipates higher earnings driven by growth in equipment rentals in the commercial karaoke business and increased net sales at existing karaoke cabins and restaurants. The company forecasts net sales of 152.7 billion yen and an operating profit of 18.8 billion yen, although profits are expected to remain on par with the current period due to higher expenses.