kabutan

Sumiseki Holdings, Inc., First Half Ordinary Profit Decreases by 58%

Wed Oct 30, 2024 3:00 pm JST Earnings

1514 Sumiseki Holdings, Inc. 【J-GAAP】

Earnings Report

Sumiseki Holdings, Inc. <1514> [TSE-S] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 58.0% from the same period last year to 2.32 billion yen. The progress rate against the 3.4 billion yen full-year plan was 68.2%, also surpassing the five-year average of 45.2%.

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 significant drop by 58.2% from the same period last year to 1.08 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 2.41 billion yen, a 56.5% decrease compared to the same period last year. The operating profit margin decreased from 61.3% in the same period last year to 53.7%.

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 24,544 728 702 652 12.1 18.9 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 15,612 5,533 5,523 5,428 103.7 68.1 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 3,798 -38 2,320 2,310 44.9 68.2 Oct 30, 2024 J-GAAP
YoY -75.7% － -58.0% -57.4% -56.7%

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 6,200 2,300 2,250 2,200 42.8 － Oct 4, 2024 J-GAAP
Apr - Sep, 2024 Results 3,798 -38 2,320 2,310 44.9 － Oct 30, 2024 J-GAAP
Revision Rate -38.7% － +3.1% +5.0% +5.0%

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 -1,196 -5,687 2,583 2,102 40.4 60 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,302 3,438 1,080 990 16.2 25 Oct 30, 2024 J-GAAP
YoY － － -58.2% -52.9% -59.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,893 3,840 3,719 3,667 68.3 7.50 May 15, 2023 J-GAAP
Mar, 2024 14,416 -154 8,106 7,530 144.7 60 May 15, 2024 J-GAAP
Mar, 2025 Guidance 17,100 3,400 3,400 3,300 54.1 25 Oct 4, 2024 J-GAAP
YoY +18.6% － -58.1% -56.2% -62.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,068 5,561 5,536 5,442 103.9 61.3 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 1,270 -126 -146 -128 -2.5 -9.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 -2,466 -5,561 2,729 2,230 42.9 225.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,697 -72 -90 -92 -1.8 -4.2 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 2,101 34 2,410 2,402 46.7 1.6 Oct 30, 2024 J-GAAP
YoY -76.8% -99.4% -56.5% -55.9% -55.1%

Related Articles