SHINTO Holdings, Inc., First Half Ordinary Profit Loss Narrows, 2Q (May-July) Ordinary Profit Loss Narrows

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Fri Sep 13, 2024 3:30 pm JST Earnings

2776 SHINTO Holdings, Inc. 【J-GAAP】

Earnings Report

SHINTO Holdings, Inc. <2776> [TSE-S] announced its financial results after the market closed on September 13th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending January 2025 (February to July) was a reduced loss of 11 million yen (compared to a loss of 126 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the August to January period (second half) is expected to turn into a profit of 82 million yen (compared to a loss of 145 million yen in the same period last year).

In the most recent three-month period, from May to July (2Q), the consolidated ordinary loss improved to a deficit of loss of 9 million yen (compared to a loss of 43 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.5% in the same period last year to 0.7%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Feb - Jul, 2022	1,815	-142	-94	-111	-4.3	ー	Sep 14, 2022	J-GAAP
Feb - Jul, 2023	3,762	-161	-126	-127	-4.0	ー	Sep 13, 2023	J-GAAP
Feb - Jul, 2024	1,990	-18	-11	-12	-0.4	ー	Sep 13, 2024	J-GAAP
YoY	-47.1%	+88.8%	+91.3%	+90.6%	+91.0%

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	－	0	Mar 13, 2024	J-GAAP
Feb - Jul, 2024 Results	1,990	-18	-11	-12	-0.4	0	Sep 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	2,531	-134	-145	-267	-8.4	0	Mar 13, 2024	J-GAAP
Aug - Jan, 2024 Guidance	4,735	90	82	64	1.6	0	Sep 13, 2024	J-GAAP
YoY	+87.1%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	4,019	-209	-198	-212	-7.6	0	Mar 17, 2023	J-GAAP
Jan, 2024	6,293	-295	-271	-394	-12.4	0	Mar 13, 2024	J-GAAP
Jan, 2025 Guidance	6,725	72	71	52	1.3	0	Mar 13, 2024	J-GAAP
YoY	+6.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	1,890	-66	-43	-45	-1.4	-3.5	Sep 13, 2023	J-GAAP
Aug - Oct, 2023	1,109	-81	-80	-78	-2.5	-7.3	Dec 13, 2023	J-GAAP
Nov - Jan, 2023	1,422	-53	-65	-189	-5.9	-3.7	Mar 13, 2024	J-GAAP
Feb - Apr, 2024	612	-28	-2	-3	-0.1	-4.6	Jun 14, 2024	J-GAAP
May - Jul, 2024	1,378	10	-9	-9	-0.3	0.7	Sep 13, 2024	J-GAAP
YoY	-27.1%	－	+79.1%	+80.0%	+80.9%