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Sakai Moving Service Co.,Ltd., First Half Ordinary Profit Decreases by 6%, Current Fiscal Year Dividend Revised Upward by 19 yen

Thu Oct 31, 2024 2:20 pm JST Earnings

9039 Sakai Moving Service Co.,Ltd. 【J-GAAP】

Earnings Report

Sakai Moving Service Co.,Ltd. <9039> [TSE-P] announced its financial results in the afternoon session on October 31st (14:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.3% from the same period last year to 6.73 billion yen. However, The progress rate against the 13.1 billion yen full-year plan was 51.3%, almost the same as the five-year average of 53.6%.

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 11.7% from the same period last year, reaching 6.38 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 55 yen to 74 yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.45 billion yen, a 2.8% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 5.4%.

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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 54,428 6,305 6,424 4,480 110.2 53.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 57,070 7,088 7,183 4,806 118.2 55.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 59,193 6,607 6,734 4,537 111.6 51.3 Oct 31, 2024 J-GAAP
YoY +3.7% -6.8% -6.3% -5.6% -5.6%

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 58,747 6,640 6,750 4,516 111.1 15 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 59,193 6,607 6,734 4,537 111.6 15 Oct 31, 2024 J-GAAP
Revision Rate +0.8% -0.5% -0.2% +0.5% +0.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 120,396 12,943 13,122 8,501 209.1 55 May 8, 2024 J-GAAP
Mar, 2025 New 120,396 12,943 13,122 8,501 209.1 74 Oct 31, 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 59,791 5,656 5,721 3,553 87.4 38 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 61,203 6,336 6,388 3,964 97.5 59 Oct 31, 2024 J-GAAP
YoY +2.4% +12.0% +11.7% +11.6% +11.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 109,556 11,845 12,080 8,210 201.9 47.50 May 8, 2023 J-GAAP
Mar, 2024 116,861 12,744 12,904 8,359 205.6 53 May 8, 2024 J-GAAP
Mar, 2025 Guidance 120,396 12,943 13,122 8,501 209.1 74 Oct 31, 2024 J-GAAP
YoY +3.0% +1.6% +1.7% +1.7% +1.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25,286 1,457 1,492 958 23.6 5.8 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 24,922 1,763 1,795 1,136 27.9 7.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 34,869 3,893 3,926 2,417 59.5 11.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 32,915 5,199 5,284 3,595 88.4 15.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 26,278 1,408 1,450 942 23.2 5.4 Oct 31, 2024 J-GAAP
YoY +3.9% -3.4% -2.8% -1.7% -1.7%

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