Sanyo Special Steel Co.,Ltd., The Current Fiscal Year Operating Profit Revised Upward by 7%

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 1:00 pm JST Earnings

5481 Sanyo Special Steel Co.,Ltd. 【J-GAAP】

Earnings Report

Sanyo Special Steel Co.,Ltd. <5481> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated operating profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 57.6% from the same period last year to 3.1 billion yen.

However, the full-year consolidated operating profit has been revised upward by 7.3%, from the previous forecast of 12.3 billion yen to 13.2 billion yen (compared to 11.3 billion yen in the previous period), increasing the growth rate from 8.2% to 16.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to surge by 2.5 times that of the same period last year, reaching 10 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit significantly dropped to 646 million yen, a 64.5% decrease compared to the same period last year. The operating profit margin worsened from 2.1% in the same period last year to 0.8%.

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	195,408	13,174	13,719	9,870	181.2	47.5	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	185,250	7,319	7,813	5,235	96.1	64.5	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	168,423	3,102	2,631	1,533	28.2	20.2	Oct 31, 2024	J-GAAP
YoY	-9.1%	-57.6%	-66.3%	-70.7%	-70.7%

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	165,000	2,600	2,500	1,200	22.0	20	Jul 30, 2024	J-GAAP
Apr - Sep, 2024 Results	168,423	3,102	2,631	1,533	28.2	20	Oct 31, 2024	J-GAAP
Revision Rate	+2.1%	+19.3%	+5.2%	+27.8%	+27.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	345,000	12,300	13,000	9,500	174.4	70	Jul 30, 2024	J-GAAP
Mar, 2025 New	342,000	13,200	13,000	9,500	174.4	70	Oct 31, 2024	J-GAAP
Revision Rate	-0.9%	+7.3%	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	168,560	4,047	4,306	3,821	70.1	30	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	173,577	10,098	10,369	7,967	146.2	50	Oct 31, 2024	J-GAAP
YoY	+3.0%	+149.5%	+140.8%	+108.5%	+108.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	393,843	28,492	28,856	20,743	380.7	100	Apr 28, 2023	J-GAAP
Mar, 2024	353,810	11,366	12,119	9,056	166.2	65	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	342,000	13,200	13,000	9,500	174.4	70	Oct 31, 2024	J-GAAP
YoY	-3.3%	+16.1%	+7.3%	+4.9%	+4.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	85,387	1,819	1,743	927	17.0	2.1	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	83,712	1,501	1,264	1,080	19.8	1.8	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	84,848	2,546	3,042	2,741	50.3	3.0	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	88,518	2,456	2,820	2,030	37.3	2.8	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	79,905	646	-189	-497	-9.1	0.8	Oct 31, 2024	J-GAAP
YoY	-6.4%	-64.5%	－	－	－