KK Fp

7947

Equity

ISIN JP3167000003 / Valor 779712

Tokyo Stock Exchange (2024-12-25)

JPY 2,783.00+0.07%

KK Fp
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About company

Keyence Corporation is a Japan-based company specializing in factory automation and industrial automation solutions. With a global network spanning 16 international organizations, Keyence offers a wide range of products including sensors, measuring instruments, vision systems, barcode readers, laser markers, and digital microscopes. The company operates on a direct sales model, where sales representatives visit customers on-site to demonstrate products. Keyence serves over 300,000 customers worldwide and ships products from warehouses in multiple countries, including Japan, the U.S., and Germany, as well as through 148 agents in 31 countries. Despite being a fabless manufacturer, Keyence focuses on product planning and development, outsourcing the actual manufacturing process. The company is noted for its strong financial performance, high return on equity, and competitive employee compensation.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

KK Fp reported a revenue decrease of 3.7% for Q1 2024, amounting to EUR 241.8 million compared to EUR 251.0 million in the same quarter of the previous year. On a constant currency basis, revenue was EUR 245.9 million, which was at the lower end of the forecast range of EUR 245 to 255 million.

EBITDA Growth

For Q1 2024, KK Fp's earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 31.0 million, up from EUR 27.6 million in the previous year. The EBITDA margin improved to 12.8%, and on a constant currency basis, EBITDA was EUR 33.4 million, exceeding the original forecast of EUR 28 to 31 million.

Net Income Increase

KK Fp's consolidated net income for Q1 2024 improved to EUR 10.5 million, compared to EUR 8.0 million in the previous year. This resulted in earnings per share (EPS) rising to EUR 0.67 from EUR 0.50 in the previous year, reflecting a significant improvement in profitability.

Free Cash Flow

In Q1 2024, KK Fp's free cash flow increased to EUR 9.1 million, up from EUR 8.1 million in the previous year. This improvement was attributed to better operating cash flow despite higher investments during the quarter.

2024 Outlook

Looking ahead, KK Fp's management expects revenue and EBITDA for the fiscal year 2024 to be at the level of 2023 or slightly below, influenced by challenging macroeconomic conditions and market-specific developments in the mail market. The forecast assumes constant exchange rates.

Summarized from source with an LLMView Source

Key figures

-2.91%1Y

-28.4%3Y

-14.9%5Y

Performance

24.5%1Y

27.7%3Y

27.2%5Y

Volatility