SANKO METAL INDUSTRIAL CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 1%

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Mon Oct 28, 2024 2:30 pm JST Earnings

1972 SANKO METAL INDUSTRIAL CO.,LTD. 【J-GAAP】

Earnings Report

SANKO METAL INDUSTRIAL CO.,LTD. <1972> [TSE-S] announced its financial results in the afternoon session on October 28th (14:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.58 billion yen, a 1.2% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 6.9% decrease.

The progress rate against the 3.5 billion yen full-year plan was 45.4%, exceeding the five-year average of 41.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 10.7% from the same period last year to 1.91 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit amounted to 1.56 billion yen, a 2.0% decrease compared to the same period last year. However, the operating profit margin rose from 12.3% in the same period last year to 12.5%.

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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	18,412	1,238	1,230	852	221.1	36.5	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	20,494	1,569	1,569	1,061	275.4	42.3	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	20,916	1,563	1,588	1,099	285.2	45.4	Oct 28, 2024	J-GAAP
YoY	+2.1%	-0.4%	+1.2%	+3.6%	+3.6%

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	21,000	1,440	1,460	1,030	267.1	－	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	20,916	1,563	1,588	1,099	285.2	－	Oct 28, 2024	J-GAAP
Revision Rate	-0.4%	+8.5%	+8.8%	+6.7%	+6.8%

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	22,420	2,142	2,140	1,532	397.4	200	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	24,084	1,917	1,912	1,361	353.0	190	Oct 28, 2024	J-GAAP
YoY	+7.4%	-10.5%	-10.7%	-11.2%	-11.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	39,797	3,375	3,366	2,372	615.3	185	Apr 27, 2023	J-GAAP
Mar, 2024	42,914	3,711	3,709	2,593	672.6	200	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	45,000	3,480	3,500	2,460	638.0	190	Apr 26, 2024	J-GAAP
YoY	+4.9%	-6.2%	-5.6%	-5.1%	-5.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,956	1,595	1,595	1,132	293.8	12.3	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	10,577	962	961	665	172.5	9.1	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	11,843	1,180	1,179	867	224.9	10.0	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	8,381	1	25	6	1.7	0.0	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	12,535	1,562	1,563	1,093	283.6	12.5	Oct 28, 2024	J-GAAP
YoY	-3.2%	-2.1%	-2.0%	-3.4%	-3.5%