Shionogi & Co.,Ltd., The Current Fiscal Year Net Income Revised Upward by 5%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Oct 28, 2024 1:00 pm JST Earnings

4507 Shionogi & Co.,Ltd. 【IFRS】

Earnings Report

Shionogi & Co.,Ltd. <4507> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on October 28th (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.2% from the same period last year to 83.1 billion yen.

However, the full-year consolidated net income has been revised upward by 4.9%, from the previous forecast of 163 billion yen to 171 billion yen (compared to 162 billion yen in the previous period), increasing the growth rate from 0.6% to 5.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 23.0% from the same period last year, reaching 87.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 9.3% from the same period last year, reaching 52.4 billion yen. However, the operating profit margin decreased from 42.5% in the same period last year to 41.0%.

Kabutan News

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	150,779	28,224	67,978	57,264	63.4	30.9	Oct 31, 2022	IFRS
Apr - Sep, 2023	230,542	98,106	115,603	90,593	102.9	58.3	Oct 31, 2023	IFRS
Apr - Sep, 2024	213,970	75,869	93,833	83,133	97.7	45.6	Oct 28, 2024	IFRS
YoY	-7.2%	-22.7%	-18.8%	-8.2%	-5.0%

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	210,000	69,000	82,500	66,500	78.2	28.33	May 13, 2024	IFRS
Apr - Sep, 2024 Results	213,970	75,869	93,833	83,133	97.7	28.33	Oct 28, 2024	IFRS
Revision Rate	+1.9%	+10.0%	+13.7%	+25.0%	+25.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	455,000	160,000	200,000	163,000	191.6	57.33	Aug 30, 2024	IFRS
Mar, 2025 New	460,000	165,000	206,000	171,000	201.0	57.33	Oct 28, 2024	IFRS
Revision Rate	+1.1%	+3.1%	+3.0%	+4.9%	+4.9%

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	204,539	55,204	82,680	71,437	82.1	28.33	May 13, 2024	IFRS
Oct - Mar, 2024 Guidance	246,030	89,131	112,167	87,867	103.3	29	Oct 28, 2024	IFRS
YoY	+20.3%	+61.5%	+35.7%	+23.0%	+25.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	426,684	149,003	220,332	184,965	207.1	45	May 10, 2023	IFRS
Mar, 2024	435,081	153,310	198,283	162,030	186.2	53.33	May 13, 2024	IFRS
Mar, 2025 Guidance	460,000	165,000	206,000	171,000	201.0	57.33	Oct 28, 2024	IFRS
YoY	+5.7%	+7.6%	+3.9%	+5.5%	+8.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	121,230	51,521	59,899	48,031	54.6	42.5	Oct 31, 2023	IFRS
Oct - Dec, 2023	106,279	40,631	48,884	36,629	41.8	38.2	Jan 31, 2024	IFRS
Jan - Mar, 2024	98,260	14,573	33,796	34,808	40.0	14.8	May 13, 2024	IFRS
Apr - Jun, 2024	97,586	28,110	36,525	30,637	36.0	28.8	Jul 29, 2024	IFRS
Jul - Sep, 2024	116,384	47,759	57,308	52,496	61.7	41.0	Oct 28, 2024	IFRS
YoY	-4.0%	-7.3%	-4.3%	+9.3%	+13.1%