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Saison Technology Co.,Ltd., First Half Ordinary Profit Increases by 7.5 times, July-September Ordinary Profit Turns to Profit

Wed Oct 30, 2024 3:30 pm JST Earnings

9640 Saison Technology Co.,Ltd. 【J-GAAP】

Earnings Report

Saison Technology Co.,Ltd. <9640> [TSE-S] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 7.5 times that of the same period last year, reaching 911 million yen. However, The progress rate against the 2.2 billion yen full-year plan was 41.4%, almost the same as 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 consolidated ordinary profit for the October to March period (second half) is expected to expand by 35.5% from the same period last year, reaching 1.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 520 million yen (compared to a loss of 527 million yen in the same period last year). The operating profit/loss margin drastically improved from -8.7% in the same period last year to 8.9%.

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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 11,728 1,130 1,142 654 40.4 51.4 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 11,998 98 121 -14 -0.9 11.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 11,591 907 911 597 36.9 41.4 Oct 30, 2024 J-GAAP
YoY -3.4% +825.5% +652.9%

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 11,500 800 800 500 30.9 45 Sep 18, 2024 J-GAAP
Apr - Sep, 2024 Results 11,591 907 911 597 36.9 45 Oct 30, 2024 J-GAAP
Revision Rate +0.8% +13.4% +13.9% +19.4% +19.5%

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 11,866 926 951 617 38.1 45 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,909 1,293 1,289 903 55.8 45 Oct 30, 2024 J-GAAP
YoY +17.2% +39.6% +35.5% +46.4% +46.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,952 2,183 2,223 1,440 88.9 90 May 11, 2023 J-GAAP
Mar, 2024 23,864 1,024 1,072 603 37.2 90 May 10, 2024 J-GAAP
Mar, 2025 Guidance 25,500 2,200 2,200 1,500 92.6 90 May 10, 2024 J-GAAP
YoY +6.9% +114.8% +105.2% +148.8% +148.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,083 -531 -527 -381 -24.0 -8.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 5,908 533 546 345 21.3 9.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 5,958 393 405 272 16.8 6.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,569 374 391 248 15.3 6.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 6,022 533 520 349 21.6 8.9 Oct 30, 2024 J-GAAP
YoY -1.0%

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