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SAKURA KCS Corporation, First Half Ordinary Profit Decreases by 47%, July-September Ordinary Profit Decreases by 29%

Thu Oct 31, 2024 3:30 pm JST Earnings

4761 SAKURA KCS Corporation 【J-GAAP】

Earnings Report

SAKURA KCS Corporation <4761> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 47.3% from the same period last year to 348 million yen. The progress rate against the 1.25 billion yen full-year plan was 27.8%, also falling below the five-year average of 38.5%.

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 expand by 65.2% from the same period last year, reaching 902 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 299 million yen, a 28.6% decrease compared to the same period last year. The operating profit margin worsened from 7.5% in the same period last year to 5.6%.

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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 10,826 273 301 234 20.9 29.0 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 10,855 619 660 462 41.3 54.7 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 9,982 300 348 433 38.7 27.8 Oct 31, 2024 J-GAAP
YoY -8.0% -51.5% -47.3% -6.3% -6.3%

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 － 12 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 9,982 300 348 433 38.7 12 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 11,914 508 546 433 38.7 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,118 900 902 617 55.1 12 Oct 31, 2024 J-GAAP
YoY +10.1% +77.2% +65.2% +42.5% +42.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,588 993 1,038 748 66.9 18 May 11, 2023 J-GAAP
Mar, 2024 22,769 1,127 1,206 895 79.9 24 May 13, 2024 J-GAAP
Mar, 2025 Guidance 23,100 1,200 1,250 1,050 93.8 24 Jul 30, 2024 J-GAAP
YoY +1.5% +6.5% +3.6% +17.3% +17.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,544 414 419 292 26.1 7.5 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 5,636 309 322 227 20.3 5.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 6,278 199 224 206 18.4 3.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,685 4 49 31 2.9 0.1 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 5,297 296 299 402 36.0 5.6 Oct 31, 2024 J-GAAP
YoY -4.5% -28.5% -28.6% +37.7% +37.7%

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