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Shinwa Co., Ltd., 9% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 10 yen

Tue Oct 15, 2024 4:00 pm JST Earnings

7607 Shinwa Co., Ltd. 【J-GAAP】

Earnings Report

Shinwa Co., Ltd. <7607> [TSE-P] announced its financial results after the market closed on October 15th (16:00). The consolidated ordinary profit for the fiscal year ending August 2024 decreased by 24.2% from the previous period to 3.9 billion yen. For the fiscal year ending August 2025, the profit is expected to grow by 8.9% to 4.25 billion yen. This will be the fourth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 100 yen to 102 yen (compared to 90 yen in the prior term), and has decided to increase the dividend this fiscal year to 112 yen, an increase of 10 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit grew by 19.3% from the same period last year, reaching 1.26 billion yen. The operating profit margin improved from 4.7% in the same period last year to 5.8%.

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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 71,062 5,213 5,582 3,784 283.3 85 Oct 11, 2022 J-GAAP
Aug, 2023 76,114 4,995 5,144 3,585 268.1 90 Oct 13, 2023 J-GAAP
Aug, 2024 77,845 3,559 3,901 2,729 203.9 102 Oct 15, 2024 J-GAAP
YoY +2.3% -28.7% -24.2% -23.9% -23.9%

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 72,000 3,500 3,650 2,500 186.7 100 Oct 13, 2023 J-GAAP
Aug, 2024 Results 77,845 3,559 3,901 2,729 203.9 102 Oct 15, 2024 J-GAAP
Revision Rate +8.1% +1.7% +6.9% +9.2% +9.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 38,434 1,603 1,836 1,275 95.3 50 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 40,000 2,000 2,100 1,470 109.7 56 Oct 15, 2024 J-GAAP
YoY +4.1% +24.8% +14.4% +15.3% +15.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 76,114 4,995 5,144 3,585 268.1 90 Oct 13, 2023 J-GAAP
Aug, 2024 77,845 3,559 3,901 2,729 203.9 102 Oct 15, 2024 J-GAAP
Aug, 2025 Guidance 81,000 4,100 4,250 3,000 223.9 112 Oct 15, 2024 J-GAAP
YoY +4.1% +15.2% +8.9% +9.9% +9.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 17,615 821 1,062 744 55.6 4.7 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 16,997 534 739 487 36.5 3.1 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 21,437 1,069 1,097 788 58.9 5.0 Apr 11, 2024 J-GAAP
Mar - May, 2024 18,557 737 798 537 40.1 4.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 20,854 1,219 1,267 917 68.5 5.8 Oct 15, 2024 J-GAAP
YoY +18.4% +48.5% +19.3% +23.3% +23.1%

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