kabutan

S E Corporation, First Half Ordinary Profit Decreases by 37%

Tue Nov 5, 2024 12:00 pm JST Earnings

3423 S E Corporation 【J-GAAP】

Earnings Report

S E Corporation <3423> [TSE-S] announced its financial results at noon (12:00) on November 5th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 37.3% from the same period last year to 323 million yen. The progress rate against the 685 million yen full-year plan was 47.2%, which was higher than the five-year average of 38.7%.

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 significant drop by 57.8% from the same period last year to 362 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 338 million yen, a 19.3% decrease compared to the same period last year. The operating profit margin worsened from 6.0% in the same period last year to 5.0%.

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 11,417 475 481 265 8.8 35.0 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 12,395 520 515 308 10.2 37.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 11,853 288 323 184 6.1 47.2 Nov 5, 2024 J-GAAP
YoY -4.4% -44.6% -37.3% -40.3% -40.3%

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 － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 11,853 288 323 184 6.1 0 Nov 5, 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 14,079 844 858 661 21.9 13 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,582 395 362 117 3.9 13 Nov 5, 2024 J-GAAP
YoY +3.6% -53.2% -57.8% -82.3% -82.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 25,452 1,336 1,376 870 28.8 13 May 12, 2023 J-GAAP
Mar, 2024 26,474 1,364 1,373 969 32.1 13 May 10, 2024 J-GAAP
Mar, 2025 Guidance 26,435 683 685 301 10.0 13 May 10, 2024 J-GAAP
YoY -0.1% -49.9% -50.1% -68.9% -69.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,792 408 419 266 8.8 6.0 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 6,903 477 501 320 10.6 6.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 7,176 367 357 341 11.3 5.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,651 -19 -15 -33 -1.1 -0.3 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 6,202 307 338 217 7.2 5.0 Nov 5, 2024 J-GAAP
YoY -8.7% -24.8% -19.3% -18.4% -18.5%

Related Articles