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SEKIDO CO.,LTD, First Half Ordinary Profit Revised Downward to a Loss

Fri Nov 1, 2024 3:00 pm JST Earnings

9878 SEKIDO CO.,LTD 【J-GAAP】

Earnings Report

SEKIDO CO.,LTD <9878> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 63 million yen (compared to a profit of 20 million yen in the same period last year), reversing from the forecast of a 20 million yen to a loss

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 22.7% from the same period last year, reaching 135 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 1 million yen (compared to a profit of 12 million yen in the same period last year). The operating profit margin worsened from 1.5% in the same period last year to 0.0%.

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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 3,226 67 36 18 9.3 80.0 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 3,992 79 20 14 7.1 15.4 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 4,025 -44 -63 -99 -48.7 ー Nov 1, 2024 J-GAAP
YoY +0.8% － － － －

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 4,130 52 20 9 4.4 0 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 4,025 -44 -63 -99 -48.7 0 Nov 1, 2024 J-GAAP
Revision Rate -2.5% － － － －

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 4,488 72 110 33 16.4 15 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,675 196 135 149 73.1 10 Nov 1, 2024 J-GAAP
YoY +4.2% +172.2% +22.7% +351.5% +345.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,039 109 45 -46 -22.8 10 May 2, 2023 J-GAAP
Mar, 2024 8,480 151 130 47 23.4 15 May 7, 2024 J-GAAP
Mar, 2025 Guidance 8,700 152 72 50 24.5 10 May 7, 2024 J-GAAP
YoY +2.6% +0.7% -44.6% +6.4% +4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,129 32 12 10 5.1 1.5 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 2,206 36 91 54 26.9 1.6 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 2,282 36 19 -21 -10.5 1.6 May 7, 2024 J-GAAP
Apr - Jun, 2024 2,023 -45 -62 -69 -34.0 -2.2 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 2,002 1 -1 -30 -14.8 0.0 Nov 1, 2024 J-GAAP
YoY -6.0% -96.9% － － －

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