Sobal Corporation, The Current Fiscal Year Net Income Revised Upward to an Unexpected 13% Increase

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Sep 30, 2024 3:30 pm JST Earnings

2186 Sobal Corporation 【J-GAAP】

Earnings Report

Sobal Corporation <2186> [TSE-S] announced its financial results after the market closed on September 30th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 3.6% from the same period last year, reaching 228 million yen, resulting in an increase in profits compared to the previous forecast of a 18.2% decrease.

In addition, the full-year consolidated net income has been revised upward by 38.1%, from the previous forecast of 420 million yen to 580 million yen (compared to 513 million yen in the previous period), turning to a 13.1% increase in the consolidated net income outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to grow by 20.1% from the same period last year, reaching 352 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income amounted to 122 million yen, a 2.4% decrease compared to the same period last year. The operating profit margin worsened from 8.9% in the same period last year to 8.3%.

Kabutan News

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
Mar - Aug, 2022	4,200	454	455	549	69.8	69.3	Sep 30, 2022	J-GAAP
Mar - Aug, 2023	4,037	330	331	220	28.1	47.9	Sep 29, 2023	J-GAAP
Mar - Aug, 2024	4,235	334	336	228	29.0	55.1	Sep 30, 2024	J-GAAP
YoY	+4.9%	+1.2%	+1.5%	+3.6%	+3.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	4,200	280	280	180	22.9	16.50	Apr 10, 2024	J-GAAP
Mar - Aug, 2024 Results	4,235	334	336	228	29.0	16.50	Sep 30, 2024	J-GAAP
Revision Rate	+0.8%	+19.3%	+20.0%	+26.7%	+26.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	8,500	600	610	420	53.4	33	Apr 10, 2024	J-GAAP
Feb, 2025 New	8,500	600	610	580	73.7	33	Sep 30, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+38.1%	+38.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	4,132	340	360	293	37.3	16.50	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,265	266	274	352	44.7	16.50	Sep 30, 2024	J-GAAP
YoY	+3.2%	-21.8%	-23.9%	+20.1%	+20.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	8,159	643	657	683	86.8	33	Apr 12, 2023	J-GAAP
Feb, 2024	8,169	670	691	513	65.3	33	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	8,500	600	610	580	73.7	33	Sep 30, 2024	J-GAAP
YoY	+4.1%	-10.4%	-11.7%	+13.1%	+12.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,052	183	184	125	16.0	8.9	Sep 29, 2023	J-GAAP
Sep - Nov, 2023	2,011	189	201	136	17.3	9.4	Dec 28, 2023	J-GAAP
Dec - Feb, 2023	2,121	151	159	157	20.0	7.1	Apr 10, 2024	J-GAAP
Mar - May, 2024	2,116	158	158	106	13.5	7.5	Jun 28, 2024	J-GAAP
Jun - Aug, 2024	2,119	176	178	122	15.5	8.3	Sep 30, 2024	J-GAAP
YoY	+3.3%	-3.8%	-3.3%	-2.4%	-2.7%