SUNDAY CO.,LTD., First Half Ordinary Profit Decreases by 75%, June-Augus Ordinary Profit Decreases by 69%

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Wed Oct 9, 2024 3:00 pm JST Earnings

7450 SUNDAY CO.,LTD. 【J-GAAP】

Earnings Report

SUNDAY CO.,LTD. <7450> [TSE-S] announced its financial results after the market closed on October 9th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 74.5% from the same period last year to 155 million yen. The progress rate against the 470 million yen full-year plan was 33.0%, also falling below the five-year average of 92.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 315 million yen (compared to a loss of 152 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary profit significantly dropped to 77 million yen, a 69.1% decrease compared to the same period last year. The operating profit margin worsened from 1.9% in the same period last year to 0.6%.

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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
Mar - Aug, 2022	25,306	731	751	490	45.6	79.7	Oct 5, 2022	J-GAAP
Mar - Aug, 2023	24,956	561	608	357	33.2	133.3	Oct 11, 2023	J-GAAP
Mar - Aug, 2024	24,649	139	155	71	6.6	33.0	Oct 9, 2024	J-GAAP
YoY	-1.2%	-75.2%	-74.5%	-80.1%	-80.1%

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	ー	ー	ー	ー	－	0	Apr 10, 2024	J-GAAP
Mar - Aug, 2024 Results	24,649	139	155	71	6.6	0	Oct 9, 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
Sep - Feb, 2023	22,421	-182	-152	-506	-47.2	20	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	23,851	261	315	149	13.8	15	Oct 9, 2024	J-GAAP
YoY	+6.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	49,094	883	942	508	47.3	15	Apr 12, 2023	J-GAAP
Feb, 2024	47,377	379	456	-149	-13.9	20	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	48,500	400	470	220	20.4	15	Apr 10, 2024	J-GAAP
YoY	+2.4%	+5.5%	+3.1%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	12,338	234	249	123	11.4	1.9	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	11,470	28	39	11	1.0	0.2	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	10,951	-210	-191	-517	-48.3	-1.9	Apr 10, 2024	J-GAAP
Mar - May, 2024	12,461	66	78	37	3.4	0.5	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	12,188	73	77	34	3.2	0.6	Oct 9, 2024	J-GAAP
YoY	-1.2%	-68.8%	-69.1%	-72.4%	-72.4%