SUN-WA TECHNOS CORPORATION, First Half Ordinary Profit Decreases by 55%, Current Fiscal Year Dividend Revised Upward by 10 yen

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Wed Oct 30, 2024 4:00 pm JST Earnings

8137 SUN-WA TECHNOS CORPORATION 【J-GAAP】

Earnings Report

SUN-WA TECHNOS CORPORATION <8137> [TSE-P] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 54.6% from the same period last year to 1.68 billion yen. The progress rate against the 3.22 billion yen full-year plan was 52.2%, also surpassing the five-year average of 46.5%.

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 drop by 47.5% from the same period last year to 1.53 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 110 yen to 120 yen (compared to 95 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 896 million yen, a 48.6% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 2.7%.

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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	84,356	3,299	3,575	2,528	163.5	46.6	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	88,867	3,442	3,700	3,075	201.8	55.8	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	69,426	1,650	1,681	1,271	84.0	52.2	Oct 30, 2024	J-GAAP
YoY	-21.9%	-52.1%	-54.6%	-58.7%	-58.4%

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	67,600	1,030	1,230	1,000	65.9	50	Jul 29, 2024	J-GAAP
Apr - Sep, 2024 Results	69,426	1,650	1,681	1,271	84.0	50	Oct 30, 2024	J-GAAP
Revision Rate	+2.7%	+60.2%	+36.7%	+27.1%	+27.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	155,070	3,080	3,220	2,410	158.8	110	May 10, 2024	J-GAAP
Mar, 2025 New	155,070	3,080	3,220	2,410	158.8	120	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	77,271	2,773	2,931	1,932	127.3	50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	85,644	1,430	1,539	1,139	75.0	70	Oct 30, 2024	J-GAAP
YoY	+10.8%	-48.4%	-47.5%	-41.0%	-41.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	181,013	7,630	7,675	5,493	355.1	90	May 8, 2023	J-GAAP
Mar, 2024	166,138	6,215	6,631	5,007	329.9	95	May 10, 2024	J-GAAP
Mar, 2025 Guidance	155,070	3,080	3,220	2,410	158.8	120	Oct 30, 2024	J-GAAP
YoY	-6.7%	-50.4%	-51.4%	-51.9%	-51.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	46,605	1,749	1,743	1,693	111.1	3.8	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	39,264	1,272	1,224	836	55.0	3.2	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	38,007	1,501	1,707	1,096	72.2	3.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	31,848	652	785	605	40.1	2.0	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	37,578	998	896	666	44.0	2.7	Oct 30, 2024	J-GAAP
YoY	-19.4%	-42.9%	-48.6%	-60.7%	-60.4%