SHINKO ELECTRIC INDUSTRIES CO., LTD., First Half Ordinary Profit Decreases by 18%, July-September Ordinary Profit Decreases by 45%

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 3:00 pm JST Earnings

6967 SHINKO ELECTRIC INDUSTRIES CO., LTD. 【J-GAAP】

Earnings Report

SHINKO ELECTRIC INDUSTRIES CO., LTD. <6967> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.8% from the same period last year to 11.5 billion yen. The progress rate against the 40.5 billion yen full-year plan was 28.6%, also falling below the five-year average of 48.5%.

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 surge by 2.2 times that of the same period last year, reaching 28.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 4.63 billion yen, a 45.3% decrease compared to the same period last year. The operating profit margin decreased from 13.9% in the same period last year to 10.0%.

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	157,005	50,952	54,649	37,873	280.3	69.4	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	105,109	11,470	14,073	9,780	72.4	51.6	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	108,330	12,724	11,565	8,215	60.8	28.6	Oct 31, 2024	J-GAAP
YoY	+3.1%	+10.9%	-17.8%	-16.0%	-16.0%

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	108,300	12,700	11,500	8,200	60.7	0	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	108,330	12,724	11,565	8,215	60.8	0	Oct 31, 2024	J-GAAP
Revision Rate	+0.0%	+0.2%	+0.6%	+0.2%	+0.2%

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	104,863	13,340	13,184	8,829	65.4	0	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	134,970	27,976	28,935	18,985	140.5	0	Oct 31, 2024	J-GAAP
YoY	+28.7%	+109.7%	+119.5%	+115.0%	+115.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	286,358	76,712	78,755	54,488	403.3	50	Apr 27, 2023	J-GAAP
Mar, 2024	209,972	24,810	27,257	18,609	137.7	25	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	243,300	40,700	40,500	27,200	201.3	0	Oct 25, 2024	J-GAAP
YoY	+15.9%	+64.0%	+48.6%	+46.2%	+46.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	55,903	7,775	8,472	6,127	45.4	13.9	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	51,529	6,526	5,645	3,601	26.7	12.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	53,334	6,814	7,539	5,228	38.7	12.8	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	53,358	7,254	6,935	4,958	36.7	13.6	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	54,972	5,470	4,630	3,257	24.1	10.0	Oct 31, 2024	J-GAAP
YoY	-1.7%	-29.6%	-45.3%	-46.8%	-46.8%