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

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Wed Nov 6, 2024 1:30 pm JST Earnings

8065 SATO SHOJI 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%