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SATO SHOJI CORPORATION, First Half Ordinary Profit Decreases by 2%, July-September Ordinary Profit Decreases by 0.1％

Wed Nov 6, 2024 1:30 pm JST Earnings

8065 SATO SHO-JI CORPORATION 【J-GAAP】

Earnings Report

SATO SHOJI CORPORATION <8065> [TSE-P] announced its financial results in the afternoon session on November 6th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 3.04 billion yen, a 2.5% decrease compared to the same period last year. The progress rate against the 6.85 billion yen full-year plan was 44.5%, almost the same as the five-year average of 41.6%.

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 8.8% from the same period last year to 3.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.49 billion yen, a 0.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.2%.

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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 134,713 2,777 3,223 2,138 101.3 48.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 135,511 2,839 3,123 2,786 132.0 42.8 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 139,794 2,775 3,045 2,826 134.2 44.5 Nov 6, 2024 J-GAAP
YoY +3.2% -2.3% -2.5% +1.4% +1.6%

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 136,000 2,650 2,850 2,550 120.7 34 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 139,794 2,775 3,045 2,826 134.2 34 Nov 6, 2024 J-GAAP
Revision Rate +2.8% +4.7% +6.8% +10.8% +11.2%

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 138,464 3,640 4,170 3,692 174.9 41 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 145,206 3,775 3,805 2,524 120.3 34 Nov 6, 2024 J-GAAP
YoY +4.9% +3.7% -8.8% -31.6% -31.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 275,006 6,136 6,719 6,194 293.3 67 May 9, 2023 J-GAAP
Mar, 2024 273,975 6,479 7,293 6,478 306.9 73 May 8, 2024 J-GAAP
Mar, 2025 Guidance 285,000 6,550 6,850 5,350 254.9 68 May 8, 2024 J-GAAP
YoY +4.0% +1.1% -6.1% -17.4% -16.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 68,742 1,491 1,495 1,619 76.7 2.2 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 70,307 1,759 2,211 1,737 82.3 2.5 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 68,157 1,881 1,959 1,955 92.6 2.8 May 8, 2024 J-GAAP
Apr - Jun, 2024 68,570 1,194 1,551 1,693 80.6 1.7 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 71,224 1,581 1,494 1,133 53.8 2.2 Nov 6, 2024 J-GAAP
YoY +3.6% +6.0% -0.1% -30.0% -29.9%

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