SAKURA internet Inc., First Half Ordinary Profit Increases by 6.4 times

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Mon Oct 28, 2024 3:00 pm JST Earnings

3778 SAKURA internet Inc. 【J-GAAP】

Earnings Report

SAKURA internet Inc. <3778> [TSE-P] announced its financial results after the market closed on October 28th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 6.4 times that of the same period last year, reaching 1.1 billion yen, exceeded the previous forecast of 950 million yen.

The progress rate against the 2.45 billion yen full-year plan was 45.0%, exceeding the five-year average of 33.9%.

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 surge by 2.3 times that of the same period last year, reaching 1.34 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 10 times that of the same period last year, reaching 1 billion yen. The operating profit margin drastically improved from 2.8% in the same period last year to 14.5%.

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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	9,989	436	377	247	6.8	39.1	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	10,343	249	172	175	4.9	22.5	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	13,271	1,295	1,102	710	18.6	45.0	Oct 28, 2024	J-GAAP
YoY	+28.3%	+420.1%	+540.7%	+305.7%	+279.6%

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	13,200	1,100	950	600	15.0	0	Sep 20, 2024	J-GAAP
Apr - Sep, 2024 Results	13,271	1,295	1,102	710	18.6	0	Oct 28, 2024	J-GAAP
Revision Rate	+0.5%	+17.7%	+16.0%	+18.3%	+24.3%

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	11,483	635	592	476	13.4	3.50	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,729	1,305	1,348	840	21.0	4	Oct 28, 2024	J-GAAP
YoY	+37.0%	+105.5%	+127.7%	+76.5%	+57.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,622	1,093	965	666	18.3	3.50	Apr 27, 2023	J-GAAP
Mar, 2024	21,826	884	764	651	18.3	3.50	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	29,000	2,600	2,450	1,550	38.8	4	Sep 20, 2024	J-GAAP
YoY	+32.9%	+194.1%	+220.7%	+138.1%	+112.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,238	145	99	67	1.9	2.8	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	5,315	199	147	129	3.6	3.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	6,168	436	445	347	9.7	7.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	5,935	231	95	41	1.2	3.9	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	7,336	1,064	1,007	669	17.6	14.5	Oct 28, 2024	J-GAAP
YoY	+40.1%	+633.8%	+917.2%	+898.5%	+834.0%