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Sekisui House,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Adds to Record High Profit Forecast
1928 Sekisui House,Ltd. 【J-GAAP】
Earnings ReportSekisui House,Ltd. <1928> [TSE-P] announced its financial results in the afternoon session on September 5th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) increased by 17.5% from the same period last year, reaching 147 billion yen.
The full-year consolidated ordinary profit has been revised upward by 5.5%, from the previous forecast of 273 billion yen to 288 billion yen (compared to 268 billion yen in the previous period), increasing the growth rate from 1.8% to 7.4%, further surpassing the previous forecast of record-high profits for four consecutive terms..
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to decrease by 1.5% from the same period last year to 140 billion yen.
In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew by 5.6% from the same period last year, reaching 76.1 billion yen. However, the operating profit margin worsened from 9.2% in the same period last year to 7.9%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Feb - Jul, 2022 | 1,423,642 | 146,428 | 147,651 | 104,068 | 155.1 | 57.4 | Sep 8, 2022 | J-GAAP |
Feb - Jul, 2023 | 1,462,443 | 124,918 | 125,239 | 92,494 | 140.3 | 46.7 | Sep 7, 2023 | J-GAAP |
Feb - Jul, 2024 | 1,859,127 | 157,141 | 147,176 | 122,983 | 189.8 | 51.1 | Sep 5, 2024 | J-GAAP |
YoY | +27.1% | +25.8% | +17.5% | +33.0% | +35.3% |
First Half Results vs. Previous Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Feb - Jul, 2024 Guidance | ー | ー | ー | ー | - | 64 | Jun 6, 2024 | J-GAAP |
Feb - Jul, 2024 Results | 1,859,127 | 157,141 | 147,176 | 122,983 | 189.8 | 64 | Sep 5, 2024 | J-GAAP |
Revision Rate | - | - | - | - | - |
Guidance Update
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2025 Prev | 3,875,000 | 300,000 | 273,000 | 209,000 | 322.5 | 129 | Jun 6, 2024 | J-GAAP |
Jan, 2025 New | 4,000,000 | 320,000 | 288,000 | 209,000 | 322.5 | 129 | Sep 5, 2024 | J-GAAP |
Revision Rate | +3.2% | +6.7% | +5.5% | 0.0% | 0.0% |
Current Period Guidance
Second Half Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Aug - Jan, 2023 | 1,644,799 | 146,038 | 143,009 | 109,831 | 167.9 | 64 | Mar 7, 2024 | J-GAAP |
Aug - Jan, 2024 Guidance | 2,140,873 | 162,859 | 140,824 | 86,017 | 132.7 | 65 | Sep 5, 2024 | J-GAAP |
YoY | +30.2% | +11.5% | -1.5% | -21.7% | -20.9% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2023 | 2,928,835 | 261,489 | 257,272 | 184,520 | 276.6 | 110 | Mar 9, 2023 | J-GAAP |
Jan, 2024 | 3,107,242 | 270,956 | 268,248 | 202,325 | 309.3 | 123 | Mar 7, 2024 | J-GAAP |
Jan, 2025 Guidance | 4,000,000 | 320,000 | 288,000 | 209,000 | 322.5 | 129 | Sep 5, 2024 | J-GAAP |
YoY | +28.7% | +18.1% | +7.4% | +3.3% | +4.3% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
May - Jul, 2023 | 754,163 | 69,182 | 72,143 | 50,560 | 76.7 | 9.2 | Sep 7, 2023 | J-GAAP |
Aug - Oct, 2023 | 727,065 | 61,770 | 61,420 | 49,395 | 75.3 | 8.5 | Dec 7, 2023 | J-GAAP |
Nov - Jan, 2023 | 917,734 | 84,268 | 81,589 | 60,436 | 92.4 | 9.2 | Mar 7, 2024 | J-GAAP |
Feb - Apr, 2024 | 777,052 | 71,714 | 70,995 | 50,427 | 77.8 | 9.2 | Jun 6, 2024 | J-GAAP |
May - Jul, 2024 | 1,082,075 | 85,427 | 76,181 | 72,556 | 112.0 | 7.9 | Sep 5, 2024 | J-GAAP |
YoY | +43.5% | +23.5% | +5.6% | +43.5% | +46.0% |
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