SANKYO KASEI CORPORATION, First Half Ordinary Profit Increases by 17%, July-September Ordinary Profit Increases by 4%

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Wed Nov 6, 2024 2:30 pm JST Earnings

8138 SANKYO KASEI CORPORATION 【J-GAAP】

Earnings Report

SANKYO KASEI CORPORATION <8138> [TSE-S] announced its financial results in the afternoon session on November 6th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.2% from the same period last year, reaching 211 million yen. However, The progress rate against the 530 million yen full-year plan was 39.8%, almost the same as the five-year average of 40.2%.

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 nearly flat at 319 million yen, down 0.9% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.3% from the same period last year, reaching 97 million yen. The operating profit margin remained almost flat, changing from 1.1% in the same period last year to 1.1%.

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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	12,681	151	230	136	102.1	48.8	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	12,689	113	180	117	88.2	35.9	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	12,862	141	211	133	100.0	39.8	Nov 6, 2024	J-GAAP
YoY	+1.4%	+24.8%	+17.2%	+13.7%	+13.4%

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	13,000	150	220	150	112.5	45	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	12,862	141	211	133	100.0	45	Nov 6, 2024	J-GAAP
Revision Rate	-1.1%	-6.0%	-4.1%	-11.3%	-11.1%

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	13,538	269	322	229	172.0	45	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,338	269	319	227	170.2	45	Nov 6, 2024	J-GAAP
YoY	+5.9%	0.0%	-0.9%	-0.9%	-1.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	26,738	340	471	303	227.6	90	May 10, 2023	J-GAAP
Mar, 2024	26,227	382	502	346	259.9	90	May 10, 2024	J-GAAP
Mar, 2025 Guidance	27,200	410	530	360	269.9	90	May 10, 2024	J-GAAP
YoY	+3.7%	+7.3%	+5.6%	+4.0%	+3.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,211	66	93	64	48.2	1.1	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	6,964	153	184	135	101.6	2.2	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	6,574	116	138	94	70.6	1.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,412	70	114	72	54.5	1.1	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	6,450	71	97	61	45.9	1.1	Nov 6, 2024	J-GAAP
YoY	+3.8%	+7.6%	+4.3%	-4.7%	-4.9%