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SANSHIN ELECTRONICS CO., LTD., First Half Ordinary Profit Increases by 2%

Wed Nov 6, 2024 3:30 pm JST Earnings

8150 SANSHIN ELECTRONICS CO., LTD. 【J-GAAP】

Earnings Report

SANSHIN ELECTRONICS CO., LTD. <8150> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.92 billion yen, a 2.5% increase compared to the same period last year. The progress rate against the 3.6 billion yen full-year plan was 53.4%, also surpassing the five-year average of 43.8%.

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 17.4% from the same period last year to 1.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.04 billion yen, a 20.8% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 2.4%.

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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 82,994 4,247 2,934 2,160 177.3 53.2 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 74,311 2,837 1,877 1,291 105.9 48.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 75,153 2,227 1,923 1,357 111.2 53.4 Nov 6, 2024 J-GAAP
YoY +1.1% -21.5% +2.5% +5.1% +5.0%

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 75,000 2,200 1,900 1,350 110.6 30 Oct 24, 2024 J-GAAP
Apr - Sep, 2024 Results 75,153 2,227 1,923 1,357 111.2 30 Nov 6, 2024 J-GAAP
Revision Rate +0.2% +1.2% +1.2% +0.5% +0.5%

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 65,886 2,911 2,031 1,449 118.8 70 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 74,847 2,073 1,677 1,243 101.6 75 Nov 6, 2024 J-GAAP
YoY +13.6% -28.8% -17.4% -14.2% -14.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 161,107 6,847 5,511 3,832 314.4 135 May 11, 2023 J-GAAP
Mar, 2024 140,197 5,748 3,908 2,740 224.7 105 May 10, 2024 J-GAAP
Mar, 2025 Guidance 150,000 4,300 3,600 2,600 212.6 105 May 10, 2024 J-GAAP
YoY +7.0% -25.2% -7.9% -5.1% -5.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 41,312 1,860 1,325 1,109 90.9 4.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 34,040 1,071 626 463 38.0 3.1 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 31,846 1,840 1,405 986 80.8 5.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 34,957 1,255 874 530 43.5 3.6 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 40,196 972 1,049 827 67.7 2.4 Nov 6, 2024 J-GAAP
YoY -2.7% -47.7% -20.8% -25.4% -25.5%

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