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Shin Maint Holdings Co.,Ltd., First Half Ordinary Profit Increases by 26%, June-Augus Ordinary Profit Increases by 17%

Fri Oct 11, 2024 3:00 pm JST Earnings

6086 Shin Maint Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Shin Maint Holdings Co.,Ltd. <6086> [TSE-G] 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) increased by 25.7% from the same period last year, reaching 950 million yen. The progress rate against the 1.3 billion yen full-year plan was 73.1%, also surpassing the five-year average of 55.5%.

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 drop by 30.4% from the same period last year to 350 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 17.2% from the same period last year, reaching 585 million yen. The operating profit margin remained almost flat, changing from 7.8% in the same period last year to 7.8%.

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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 9,899 613 614 368 18.3 58.3 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 11,447 752 756 501 25.1 60.0 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 13,166 921 950 601 30.1 73.1 Oct 11, 2024 J-GAAP
YoY +15.0% +22.5% +25.7% +20.0% +19.8%

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 12, 2024 J-GAAP
Mar - Aug, 2024 Results 13,166 921 950 601 30.1 0 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 10,907 503 503 360 18.0 13.50 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 11,005 379 350 279 14.8 14 Oct 11, 2024 J-GAAP
YoY +0.9% -24.7% -30.4% -22.5% -18.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 19,408 1,053 1,054 687 34.4 11.50 Apr 14, 2023 J-GAAP
Feb, 2024 22,354 1,255 1,259 861 43.1 13.50 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 24,171 1,300 1,300 880 46.5 14 Apr 12, 2024 J-GAAP
YoY +8.1% +3.6% +3.3% +2.2% +7.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 6,365 494 499 319 16.0 7.8 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 5,915 349 349 219 11.0 5.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 4,992 154 154 141 7.1 3.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 5,762 341 365 230 11.5 5.9 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 7,404 580 585 371 18.6 7.8 Oct 11, 2024 J-GAAP
YoY +16.3% +17.4% +17.2% +16.3% +16.1%

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