SENSHU ELECTRIC CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 18%, 3Q (May-July) Ordinary Profit Increases by 16%

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Thu Sep 5, 2024 2:00 pm JST Earnings

9824 SENSHU ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SENSHU ELECTRIC CO.,LTD. <9824> [TSE-P] announced its financial results in the afternoon session on September 5th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 17.9% from the same period last year, reaching 7.82 billion yen. This progress accounts for 78.3% of the full-year plan of 10 billion yen, also surpassing the five-year average of 73.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to grow by 1.9% from the same period last year, reaching 2.17 billion yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit grew by 15.9% from the same period last year, reaching 2.5 billion yen. The operating profit margin improved from 6.6% in the same period last year to 7.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2021	83,548	5,266	5,598	3,764	207.8	70.9	Sep 2, 2022	J-GAAP
Nov - Jul, 2022	92,859	6,342	6,640	4,461	250.8	75.7	Sep 5, 2023	J-GAAP
Nov - Jul, 2023	99,151	7,505	7,829	5,384	306.6	78.3	Sep 5, 2024	J-GAAP
YoY	+6.8%	+18.3%	+17.9%	+20.7%	+22.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	63,116	4,062	4,288	2,926	164.6	60	Dec 7, 2023	J-GAAP
May - Oct, 2024 Guidance	65,875	4,496	4,673	3,326	190.8	65	Jun 4, 2024	J-GAAP
YoY	+4.4%	+10.7%	+9.0%	+13.7%	+15.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	113,633	7,464	7,894	5,314	294.0	70	Dec 8, 2022	J-GAAP
Oct, 2023	124,967	8,366	8,770	5,920	333.1	110	Dec 7, 2023	J-GAAP
Oct, 2024 Guidance	132,000	9,600	10,000	7,000	401.6	130	Jun 4, 2024	J-GAAP
YoY	+5.6%	+14.8%	+14.0%	+18.2%	+20.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	31,008	2,038	2,158	1,467	82.5	6.6	Sep 5, 2023	J-GAAP
Aug - Oct, 2023	32,108	2,024	2,130	1,459	82.1	6.3	Dec 7, 2023	J-GAAP
Nov - Jan, 2023	33,744	2,643	2,772	1,958	111.1	7.8	Mar 4, 2024	J-GAAP
Feb - Apr, 2024	32,381	2,461	2,555	1,716	97.6	7.6	Jun 4, 2024	J-GAAP
May - Jul, 2024	33,026	2,401	2,502	1,710	97.4	7.3	Sep 5, 2024	J-GAAP
YoY	+6.5%	+17.8%	+15.9%	+16.6%	+18.1%