Saikaya Department Store Co.,Ltd., 3% Increase in Ordinary Profit for The Current Fiscal Year

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Tue Oct 15, 2024 3:00 pm JST Earnings

8254 Saikaya Department Store Co.,Ltd. 【J-GAAP】

Earnings Report

Saikaya Department Store Co.,Ltd. <8254> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the fiscal year ending August 2024 decreased by 24.2% from the previous period to 100 million yen. For the fiscal year ending August 2025, the profit is expected to grow by 3.0% to 103 million yen.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit significantly dropped to 9 million yen, a 89.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.2% in the same period last year to 0.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022 Changed	2,416	-69	-79	-82	-16.7	0	Oct 14, 2022	J-GAAP
Aug, 2023	5,204	144	132	9	2.2	0	Oct 13, 2023	J-GAAP
Aug, 2024	4,950	110	100	72	14.7	0	Oct 15, 2024	J-GAAP
YoY	-4.9%	-23.6%	-24.2%	+700.0%	+576.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	4,535	107	89	59	11.9	0	Apr 15, 2024	J-GAAP
Aug, 2024 Results	4,950	110	100	72	14.7	0	Oct 15, 2024	J-GAAP
Revision Rate	+9.2%	+2.8%	+12.4%	+22.0%	+23.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	2,641	66	58	48	9.8	－	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,234	72	63	53	10.7	－	Oct 15, 2024	J-GAAP
YoY	-15.4%	+9.1%	+8.6%	+10.4%	+9.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	5,204	144	132	9	2.2	0	Oct 13, 2023	J-GAAP
Aug, 2024	4,950	110	100	72	14.7	0	Oct 15, 2024	J-GAAP
Aug, 2025 Guidance	4,404	114	103	87	17.6	0	Oct 15, 2024	J-GAAP
YoY	-11.0%	+3.6%	+3.0%	+20.8%	+19.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,242	90	88	91	21.9	7.2	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	1,222	-5	-9	-17	-3.6	-0.4	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,419	71	67	65	13.3	5.0	Apr 15, 2024	J-GAAP
Mar - May, 2024	1,232	42	33	21	4.3	3.4	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	1,077	2	9	3	0.6	0.2	Oct 15, 2024	J-GAAP
YoY	-13.3%	-97.8%	-89.8%	-96.7%	-97.2%