SATORI ELECTRIC CO.,LTD., June-August (1Q) Ordinary Profit Increases by 6%

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Fri Oct 11, 2024 3:00 pm JST Earnings

7420 SATORI ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SATORI ELECTRIC CO.,LTD. <7420> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending May 2025 (June to August) increased by 6.5% from the same period last year, reaching 789 million yen. The progress rate against the 1.6 billion yen plan for the six months ending November (first half) was 49.3%, exceeding the five-year average of 34.8%.

In the most recent three-month period, from June to August (1Q), the operating profit margin remained almost flat, changing from 3.2% in the same period last year to 2.9%.

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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	35,453	1,052	758	575	35.0	36.2	Oct 14, 2022	J-GAAP
Jun - Aug, 2023	35,299	1,116	741	399	26.9	38.1	Oct 12, 2023	J-GAAP
Jun - Aug, 2024	38,248	1,083	774	399	27.9	48.4	Oct 11, 2024	J-GAAP
YoY	+8.4%	-3.0%	+4.5%	0.0%	+3.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	74,148	2,679	1,947	1,277	87.3	30	Jan 15, 2024	J-GAAP
Jun - Nov, 2024 Guidance	75,000	2,000	1,600	1,200	83.8	40	Jul 12, 2024	J-GAAP
YoY	+1.1%	-25.3%	-17.8%	-6.0%	-4.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	146,336	3,791	2,867	2,257	137.2	70	Jul 13, 2023	J-GAAP
May, 2024	148,113	4,755	3,653	2,156	148.9	80	Jul 12, 2024	J-GAAP
May, 2025 Guidance	154,000	4,300	3,500	2,500	174.2	86	Jul 12, 2024	J-GAAP
YoY	+4.0%	-9.6%	-4.2%	+16.0%	+17.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	35,299	1,116	741	399	26.9	3.2	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	38,849	1,563	1,206	878	60.0	4.0	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	33,209	833	609	382	26.3	2.5	Apr 11, 2024	J-GAAP
Mar - May, 2024	40,756	1,243	1,097	497	34.3	3.0	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	38,248	1,083	774	399	27.9	2.8	Oct 11, 2024	J-GAAP
YoY	+8.4%	-3.0%	+4.5%	0.0%	+3.9%