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SRS HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 56%

Tue Nov 5, 2024 2:00 pm JST Earnings

8163 SRS HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

SRS HOLDINGS CO.,LTD. <8163> [TSE-P] announced its financial results in the afternoon session on November 5th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.51 billion yen, an increase of 56.4% compared to the same period last year. The progress rate against the 2.3 billion yen full-year plan was 65.7%, it was below the five-year average of 123.7%.

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 drop by 34.1% from the same period last year to 788 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.2% from the same period last year, reaching 940 million yen. The operating profit margin improved from 5.4% in the same period last year to 5.9%.

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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 25,920 -722 -762 -864 -21.3 ー Nov 4, 2022 J-GAAP
Apr - Sep, 2023 29,203 969 967 714 17.3 44.7 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 31,481 1,597 1,512 944 22.8 65.7 Nov 5, 2024 J-GAAP
YoY +7.8% +64.8% +56.4% +32.2% +32.1%

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 15, 2024 J-GAAP
Apr - Sep, 2024 Results 31,481 1,597 1,512 944 22.8 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 31,025 1,188 1,195 1,084 26.2 7.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,519 803 788 556 13.4 7.50 Nov 5, 2024 J-GAAP
YoY +4.8% -32.4% -34.1% -48.7% -48.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 54,505 -606 -669 -1,451 -35.4 0 May 22, 2023 J-GAAP
Mar, 2024 60,228 2,157 2,162 1,798 43.5 7.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 64,000 2,400 2,300 1,500 36.3 7.50 May 15, 2024 J-GAAP
YoY +6.3% +11.3% +6.4% -16.6% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,318 821 823 525 12.7 5.4 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 15,302 627 632 383 9.3 4.1 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 15,723 561 563 701 17.0 3.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 15,071 621 572 331 8.0 4.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 16,410 976 940 613 14.8 5.9 Nov 5, 2024 J-GAAP
YoY +7.1% +18.9% +14.2% +16.8% +16.6%

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