SHINYEI KAISHA, First Half Ordinary Profit Decreases by 45%, July-September Ordinary Profit Decreases by 60%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Oct 31, 2024 12:00 pm JST Earnings

3004 SHINYEI KAISHA 【J-GAAP】

Earnings Report

SHINYEI KAISHA <3004> [TSE-S] announced its financial results at noon (12:00) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 44.9% from the same period last year to 575 million yen. The progress rate against the 1.65 billion yen full-year plan was 34.8%, also falling below the five-year average of 38.4%.

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 grow by 24.1% from the same period last year, reaching 1.07 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 191 million yen, a 59.9% decrease compared to the same period last year. The operating profit margin worsened from 4.7% in the same period last year to 3.2%.

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	19,211	439	510	241	59.4	38.1	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	20,356	957	1,043	810	198.7	54.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	19,702	600	575	501	122.4	34.8	Oct 31, 2024	J-GAAP
YoY	-3.2%	-37.3%	-44.9%	-38.1%	-38.4%

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	ー	ー	ー	ー	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	19,702	600	575	501	122.4	－	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	19,848	836	866	845	206.9	80	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,298	1,150	1,075	849	207.1	90	Oct 31, 2024	J-GAAP
YoY	+7.3%	+37.6%	+24.1%	+0.5%	+0.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	39,892	1,375	1,340	949	233.5	40	May 12, 2023	J-GAAP
Mar, 2024	40,204	1,793	1,909	1,655	405.3	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	41,000	1,750	1,650	1,350	329.3	90	May 10, 2024	J-GAAP
YoY	+2.0%	-2.4%	-13.6%	-18.4%	-18.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,109	475	476	376	92.3	4.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	10,715	531	550	470	115.2	5.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	9,133	305	316	375	91.8	3.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	9,879	284	384	302	74.0	2.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	9,823	316	191	199	48.6	3.2	Oct 31, 2024	J-GAAP
YoY	-2.8%	-33.5%	-59.9%	-47.1%	-47.3%