Seven & I Holdings Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 29%

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.

Thu Oct 10, 2024 3:00 pm JST Earnings

3382 Seven & I Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Seven & I Holdings Co.,Ltd. <3382> [TSE-P] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 26.3% from the same period last year to 167 billion yen, fell short of the previous forecast of 201 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 29.1%, from the previous forecast of 502 billion yen to 356 billion yen (compared to 507 billion yen in the previous period), leading to an increase in the profit decline rate from 1.0% to 29.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to drop by 32.6% from the same period last year to 188 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 112 billion yen, a 26.7% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 3.9%.

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	5,651,505	234,767	219,763	136,089	51.4	46.2	Oct 6, 2022	J-GAAP
Mar - Aug, 2023	5,547,013	241,115	226,867	80,228	30.3	44.7	Oct 12, 2023	J-GAAP
Mar - Aug, 2024	6,035,534	186,996	167,220	52,242	20.1	47.0	Oct 10, 2024	J-GAAP
YoY	+8.8%	-22.4%	-26.3%	-34.9%	-33.7%

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	5,606,000	222,000	201,000	111,000	42.8	20	Apr 10, 2024	J-GAAP
Mar - Aug, 2024 Results	6,035,534	186,996	167,220	52,242	20.1	20	Oct 10, 2024	J-GAAP
Revision Rate	+7.7%	-15.8%	-16.8%	-52.9%	-53.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	11,246,000	545,000	502,000	293,000	112.9	40	Apr 10, 2024	J-GAAP
Feb, 2025 New	11,879,000	403,000	356,000	163,000	62.8	40	Oct 10, 2024	J-GAAP
Revision Rate	+5.6%	-26.1%	-29.1%	-44.4%	-44.4%

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	5,924,740	293,133	280,219	144,395	54.6	18.84	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	5,843,466	216,004	188,780	110,758	42.7	20	Oct 10, 2024	J-GAAP
YoY	-1.4%	-26.3%	-32.6%	-23.3%	-21.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	11,811,303	506,521	475,887	280,976	106.1	37.67	Apr 6, 2023	J-GAAP
Feb, 2024	11,471,753	534,248	507,086	224,623	84.9	37.67	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	11,879,000	403,000	356,000	163,000	62.8	40	Oct 10, 2024	J-GAAP
YoY	+3.5%	-24.6%	-29.8%	-27.4%	-26.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,896,347	159,123	153,159	38,048	14.4	5.5	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	3,033,194	168,904	161,372	101,934	38.5	5.6	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	2,891,546	124,229	118,847	42,461	16.1	4.3	Apr 10, 2024	J-GAAP
Mar - May, 2024	2,734,750	59,344	55,000	21,388	8.2	2.2	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	3,300,784	127,652	112,220	30,854	11.9	3.9	Oct 10, 2024	J-GAAP
YoY	+14.0%	-19.8%	-26.7%	-18.9%	-17.3%