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SAKURAJIMA FUTO KAISHA,LTD., First Half Ordinary Profit Decreases by 11%

Fri Oct 25, 2024 2:00 pm JST Earnings

9353 SAKURAJIMA FUTO KAISHA,LTD. 【J-GAAP】

Earnings Report

SAKURAJIMA FUTO KAISHA,LTD. <9353> [TSE-S] announced its financial results in the afternoon session on October 25th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.4% from the same period last year to 148 million yen. However, The progress rate against the 240 million yen full-year plan was 61.7%, also surpassing the five-year average of 58.4%.

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 October to March period (second half) is expected to drop by 45.2% from the same period last year to 92 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 77 million yen, a 18.9% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 7.4%.

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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
Apr - Sep, 2022 1,862 46 92 100 67.1 37.9 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 2,036 131 167 98 65.6 49.9 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 1,988 103 148 112 74.2 61.7 Oct 25, 2024 J-GAAP
YoY -2.4% -21.4% -11.4% +14.3% +13.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 1,900 100 130 90 59.3 － May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,988 103 148 112 74.2 － Oct 25, 2024 J-GAAP
Revision Rate +4.6% +3.0% +13.8% +24.4% +25.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 2,076 104 168 113 75.1 30 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,112 67 92 48 31.6 30 Oct 25, 2024 J-GAAP
YoY +1.7% -35.6% -45.2% -57.5% -57.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,865 157 243 193 128.6 30 May 12, 2023 J-GAAP
Mar, 2024 4,112 235 335 211 140.1 30 May 14, 2024 J-GAAP
Mar, 2025 Guidance 4,100 170 240 160 105.5 30 May 14, 2024 J-GAAP
YoY -0.3% -27.7% -28.4% -24.2% -24.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,077 95 95 56 37.5 8.8 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 1,011 43 106 80 53.3 4.3 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 1,065 61 62 33 21.9 5.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 924 24 71 49 33.0 2.6 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 1,064 79 77 63 41.7 7.4 Oct 25, 2024 J-GAAP
YoY -1.2% -16.8% -18.9% +12.5% +11.4%

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