SUZUDEN CORPORATION, First Half Ordinary Profit Decreases by 27%

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Fri Nov 1, 2024 2:30 pm JST Earnings

7480 SUZUDEN CORPORATION 【J-GAAP】

Earnings Report

SUZUDEN CORPORATION <7480> [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) decreased by 26.9% from the same period last year to 1.23 billion yen. However, The progress rate against the 2.38 billion yen full-year plan was 52.0%, also surpassing the five-year average of 47.5%.

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 decrease by 18.3% from the same period last year to 1.14 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 693 million yen, a 12.6% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.6% 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	33,134	2,189	2,386	1,600	114.6	50.2	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	27,311	1,534	1,694	1,139	81.4	54.8	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	22,336	1,119	1,238	853	60.9	52.0	Nov 1, 2024	J-GAAP
YoY	-18.2%	-27.1%	-26.9%	-25.1%	-25.2%

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	23,100	890	1,020	670	47.8	39	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	22,336	1,119	1,238	853	60.9	39	Nov 1, 2024	J-GAAP
Revision Rate	-3.3%	+25.7%	+21.4%	+27.3%	+27.5%

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	23,618	1,252	1,397	952	68.0	67	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	27,264	1,001	1,142	697	49.7	50	Nov 1, 2024	J-GAAP
YoY	+15.4%	-20.0%	-18.3%	-26.8%	-27.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	67,439	4,399	4,756	3,309	236.7	190	May 8, 2023	J-GAAP
Mar, 2024	50,929	2,786	3,091	2,091	149.4	120	May 7, 2024	J-GAAP
Mar, 2025 Guidance	49,600	2,120	2,380	1,550	110.5	89	May 7, 2024	J-GAAP
YoY	-2.6%	-23.9%	-23.0%	-25.9%	-26.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,030	729	793	528	37.7	5.6	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	12,619	677	766	520	37.2	5.4	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	10,999	575	631	432	30.9	5.2	May 7, 2024	J-GAAP
Apr - Jun, 2024	11,021	488	545	386	27.6	4.4	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	11,315	631	693	467	33.4	5.6	Nov 1, 2024	J-GAAP
YoY	-13.2%	-13.4%	-12.6%	-11.6%	-11.6%