Sanyo Homes Corporation, First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Turns to Loss

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Wed Nov 6, 2024 3:00 pm JST Earnings

1420 Sanyo Homes Corporation 【J-GAAP】

Earnings Report

Sanyo Homes Corporation <1420> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 747 million yen (compared to a loss of 573 million yen in the same period last year).

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 grow by 29.1% from the same period last year, reaching 1.94 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 154 million yen (compared to a profit of 229 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.2% in the same period last year to -1.5%.

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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	16,822	-894	-906	-646	-58.3	ー	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	17,641	-549	-573	-382	-34.4	ー	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	15,823	-713	-747	-541	-48.6	ー	Nov 6, 2024	J-GAAP
YoY	-10.3%	-29.9%	-30.4%	-41.6%	-41.0%

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	15,823	-713	-747	-541	-48.6	0	Nov 6, 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	28,219	1,501	1,508	1,030	92.7	25	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	37,177	2,063	1,947	1,341	119.7	25	Nov 6, 2024	J-GAAP
YoY	+31.7%	+37.4%	+29.1%	+30.2%	+29.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	40,970	-149	-191	-245	-22.2	25	May 12, 2023	J-GAAP
Mar, 2024	45,860	952	935	648	58.3	25	May 10, 2024	J-GAAP
Mar, 2025 Guidance	53,000	1,350	1,200	800	71.4	25	May 10, 2024	J-GAAP
YoY	+15.6%	+41.8%	+28.3%	+23.5%	+22.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,781	232	229	177	16.0	2.2	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	9,498	-314	-328	-240	-21.6	-3.3	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	18,721	1,815	1,836	1,270	114.3	9.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	7,059	-582	-593	-417	-37.5	-8.2	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	8,764	-131	-154	-124	-11.1	-1.5	Nov 6, 2024	J-GAAP
YoY	-18.7%	－	－	－	－