Suzumo Machinery Co., Ltd., First Half Ordinary Profit Revised Upward by 36%, Exceeded record profit forecast

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Wed Sep 18, 2024 3:00 pm JST Revision

6405 Suzumo Machinery Co., Ltd. 【J-GAAP】

Guidance Update Report

Suzumo Machinery Co., Ltd. <6405> [TSE-S] announced a performance revision after the market closed on September 18th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 35.5%, from the previous forecast of 695 million yen to 942 million yen (compared to 482 million yen in the same period of the previous year), increasing the growth rate from 44.2% to 95.4%. The company has further increased its previous forecast of record profits for the first time in eight years.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 1.91 billion yen(compared to 1.49 billion yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	7,595	690	695	495	38.3	15	May 13, 2024	J-GAAP
Apr - Sep, 2024 New	7,850	900	942	695	53.7	15	Sep 18, 2024	J-GAAP
Revision Rate	+3.4%	+30.4%	+35.5%	+40.4%	+40.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	6,735	454	482	295	22.9	15	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	7,850	900	942	695	53.7	15	Sep 18, 2024	J-GAAP
YoY	+16.6%	+98.2%	+95.4%	+135.6%	+135.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,456	1,203	1,139	825	63.9	31	May 12, 2023	J-GAAP
Mar, 2024	14,514	1,475	1,498	1,140	88.2	32	May 13, 2024	J-GAAP
Mar, 2025 Guidance	15,960	1,900	1,915	1,350	104.3	33	May 13, 2024	J-GAAP
YoY	+10.0%	+28.8%	+27.8%	+18.4%	+18.2%