Sun Messe Co.,Ltd., First Half Ordinary Profit Increases by 6%

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Fri Nov 1, 2024 2:30 pm JST Earnings

7883 Sun Messe Co.,Ltd. 【J-GAAP】

Earnings Report

Sun Messe Co.,Ltd. <7883> [TSE-S] announced its financial results in the afternoon session on November 1st (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.2% from the same period last year, reaching 171 million yen. The progress rate against the 483 million yen full-year plan was 35.4%, exceeding the five-year average of 28.0%.

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 23.3% from the same period last year, reaching 312 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 96 million yen (compared to a loss of 40 million yen in the same period last year). The operating profit/loss margin worsened from -1.6% in the same period last year to -3.5%.

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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	8,040	9	85	97	6.3	21.4	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	7,962	78	161	92	6.0	38.9	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	8,044	61	171	108	7.0	35.4	Nov 1, 2024	J-GAAP
YoY	+1.0%	-21.8%	+6.2%	+17.4%	+16.5%

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	8,044	61	171	108	7.0	4	Oct 30, 2024	J-GAAP
Apr - Sep, 2024 Results	8,044	61	171	108	7.0	4	Nov 1, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.1%

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	8,671	179	253	165	10.7	4	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,116	257	312	207	13.4	4	Oct 30, 2024	J-GAAP
YoY	+5.1%	+43.6%	+23.3%	+25.5%	+25.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,148	240	397	327	21.2	7	May 12, 2023	J-GAAP
Mar, 2024	16,633	257	414	257	16.6	8	May 10, 2024	J-GAAP
Mar, 2025 Guidance	17,160	318	483	315	20.3	8	May 10, 2024	J-GAAP
YoY	+3.2%	+23.7%	+16.7%	+22.6%	+22.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,735	-60	-40	-33	-2.2	-1.6	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	4,341	65	123	89	5.8	1.5	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	4,330	114	130	76	4.9	2.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,352	189	267	178	11.5	4.3	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	3,692	-128	-96	-70	-4.5	-3.5	Nov 1, 2024	J-GAAP
YoY	-1.2%	-113.3%	-140.0%	-112.1%	-110.2%