Suminoe Textile Co., Ltd., June-August (1Q) Ordinary Profit Turns to Loss

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Fri Oct 11, 2024 3:00 pm JST Earnings

3501 SUMINOE Co., Ltd. 【J-GAAP】

Earnings Report

Suminoe Textile Co., Ltd. <3501> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit/loss for the first quarter of the fiscal year ending May 2025 (June to August) turned into a loss of 139 million yen (compared to a profit of 637 million yen in the same period last year).

In the most recent three-month period, from June to August (1Q), the operating profit margin worsened from 1.9% in the same period last year to 0.3%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Aug, 2022	20,765	-276	-65	-429	-34.0	ー	Oct 14, 2022	J-GAAP
Jun - Aug, 2023	23,921	454	637	370	29.2	37.6	Oct 12, 2023	J-GAAP
Jun - Aug, 2024	24,567	82	-139	-462	-34.2	ー	Oct 11, 2024	J-GAAP
YoY	+2.7%	-81.9%	－	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	51,409	1,405	1,693	753	58.0	17.50	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	51,200	1,000	1,100	300	22.7	20	Jul 12, 2024	J-GAAP
YoY	-0.4%	-28.8%	-35.0%	-60.2%	-61.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	94,828	1,294	1,575	320	25.3	27.50	Jul 14, 2023	J-GAAP
May, 2024	103,478	3,300	3,668	874	66.1	35	Jul 12, 2024	J-GAAP
May, 2025 Guidance	105,300	3,300	3,400	1,500	113.3	40	Jul 12, 2024	J-GAAP
YoY	+1.8%	0.0%	-7.3%	+71.6%	+71.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	23,921	454	637	370	29.2	1.9	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	27,488	951	1,056	383	29.5	3.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	25,770	782	803	302	23.0	3.0	Apr 11, 2024	J-GAAP
Mar - May, 2024	26,299	1,113	1,172	-181	-13.7	4.2	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	24,567	82	-139	-462	-34.2	0.3	Oct 11, 2024	J-GAAP
YoY	+2.7%	-81.9%	－	－	－