SANKYU INC., The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Dividend Revised Upward by 24 yen

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Thu Oct 31, 2024 1:00 pm JST Earnings

9065 SANKYU INC. 【J-GAAP】

Earnings Report

SANKYU INC. <9065> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.9% from the same period last year, reaching 20.2 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 5.3%, from the previous forecast of 37.5 billion yen to 39.5 billion yen (compared to 36.6 billion yen in the previous period), increasing the growth rate from 2.4% to 7.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 3.9% from the same period last year, reaching 19.2 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 180 yen to 204 yen (compared to 174 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 28.1% from the same period last year, reaching 10.7 billion yen. The operating profit margin improved from 5.8% in the same period last year to 7.2%.

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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	289,293	19,132	21,844	13,881	237.3	55.1	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	277,175	16,906	18,104	11,460	198.4	49.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	299,098	20,038	20,259	13,231	241.7	51.3	Oct 31, 2024	J-GAAP
YoY	+7.9%	+18.5%	+11.9%	+15.5%	+21.8%

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	294,000	18,000	18,500	12,000	222.4	90	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	299,098	20,038	20,259	13,231	241.7	102	Oct 31, 2024	J-GAAP
Revision Rate	+1.7%	+11.3%	+9.5%	+10.3%	+8.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	587,000	36,500	37,500	25,000	472.7	180	May 13, 2024	J-GAAP
Mar, 2025 New	596,000	39,000	39,500	27,000	510.5	204	Oct 31, 2024	J-GAAP
Revision Rate	+1.5%	+6.8%	+5.3%	+8.0%	+8.0%

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	286,372	18,310	18,527	12,919	227.1	90	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	296,902	18,962	19,241	13,769	260.3	102	Oct 31, 2024	J-GAAP
YoY	+3.7%	+3.6%	+3.9%	+6.6%	+14.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	579,226	38,169	39,631	24,959	426.7	150	May 10, 2023	J-GAAP
Mar, 2024	563,547	35,216	36,631	24,379	428.6	174	May 13, 2024	J-GAAP
Mar, 2025 Guidance	596,000	39,000	39,500	27,000	510.5	204	Oct 31, 2024	J-GAAP
YoY	+5.8%	+10.7%	+7.8%	+10.8%	+19.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	139,660	8,120	8,404	5,676	98.3	5.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	144,742	10,118	10,076	7,068	123.4	7.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	141,630	8,192	8,451	5,851	102.9	5.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	143,020	8,754	9,492	5,653	102.3	6.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	156,078	11,284	10,767	7,578	138.4	7.2	Oct 31, 2024	J-GAAP
YoY	+11.8%	+39.0%	+28.1%	+33.5%	+40.9%