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SFP Holdings Co., Ltd., First Half Ordinary Profit Decreases by 8%, June-Augus Ordinary Profit Decreases by 22%

Fri Oct 11, 2024 3:00 pm JST Earnings

3198 SFP Holdings Co., Ltd. 【J-GAAP】

Earnings Report

SFP Holdings Co., Ltd. <3198> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 7.8% from the same period last year to 1.02 billion yen. The progress rate against the 2.3 billion yen full-year plan was 44.5%, also falling below the five-year average of 59.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 13.3% from the same period last year, reaching 1.27 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 353 million yen, a 22.2% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 4.0%.

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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 10,129 -948 1,236 801 31.1 78.1 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 14,286 1,009 1,109 652 25.3 49.6 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 15,037 907 1,023 705 31.0 44.5 Oct 11, 2024 J-GAAP
YoY +5.3% -10.1% -7.8% +8.1% +22.4%

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 － 13 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 15,037 907 1,023 705 31.0 13 Oct 11, 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 14,793 1,017 1,127 1,079 44.3 12 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 14,963 1,193 1,277 795 34.9 13 Oct 11, 2024 J-GAAP
YoY +1.1% +17.3% +13.3% -26.3% -21.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 22,913 -754 1,583 549 21.3 20 Apr 14, 2023 J-GAAP
Feb, 2024 29,079 2,026 2,236 1,731 71.0 23 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 30,000 2,100 2,300 1,500 65.8 26 Apr 12, 2024 J-GAAP
YoY +3.2% +3.7% +2.9% -13.3% -7.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 7,130 417 454 163 6.3 5.8 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 7,024 291 343 195 7.8 4.1 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 7,769 726 784 884 36.3 9.3 Apr 12, 2024 J-GAAP
Mar - May, 2024 7,671 609 670 477 21.0 7.9 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 7,366 298 353 228 10.0 4.0 Oct 11, 2024 J-GAAP
YoY +3.3% -28.5% -22.2% +39.9% +58.3%

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