S.T.CORPORATION, First Half Ordinary Profit Decreases by 17%

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Wed Nov 6, 2024 3:30 pm JST Earnings

4951 S.T.CORPORATION 【J-GAAP】

Earnings Report

S.T.CORPORATION <4951> [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) decreased by 16.9% from the same period last year to 1.5 billion yen. The progress rate against the 2.3 billion yen full-year plan was 65.3%, below the five-year average of 77.7%.

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 surge by 6.5 times that of the same period last year, reaching 797 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 12.4% from the same period last year, reaching 1.52 billion yen. The operating profit margin remained almost flat, changing from 9.6% in the same period last year to 9.9%.

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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	23,448	1,649	1,846	1,218	54.8	67.6	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	22,916	1,371	1,808	1,208	54.3	93.7	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	24,145	1,212	1,503	2,042	94.7	65.3	Nov 6, 2024	J-GAAP
YoY	+5.4%	-11.6%	-16.9%	+69.0%	+74.4%

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	24,800	1,200	1,350	1,850	69.9	22	Sep 27, 2024	J-GAAP
Apr - Sep, 2024 Results	24,145	1,212	1,503	2,042	94.7	22	Nov 6, 2024	J-GAAP
Revision Rate	-2.6%	+1.0%	+11.3%	+10.4%	+35.3%

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	21,556	-30	122	66	3.0	21	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,055	788	797	458	22.0	22	Nov 6, 2024	J-GAAP
YoY	+16.2%	－	+553.3%	+593.9%	+641.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	45,576	2,416	2,730	1,828	82.2	40	May 8, 2023	J-GAAP
Mar, 2024	44,472	1,341	1,930	1,274	57.2	42	May 7, 2024	J-GAAP
Mar, 2025 Guidance	49,200	2,000	2,300	2,500	119.8	44	Sep 27, 2024	J-GAAP
YoY	+10.6%	+49.1%	+19.2%	+96.2%	+109.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,169	1,270	1,359	937	42.1	9.6	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	12,145	578	675	500	22.5	4.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	9,411	-608	-553	-434	-19.5	-6.5	May 7, 2024	J-GAAP
Apr - Jun, 2024	10,497	-138	-24	-50	-2.3	-1.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	13,648	1,350	1,527	2,092	97.0	9.9	Nov 6, 2024	J-GAAP
YoY	+3.6%	+6.3%	+12.4%	+123.3%	+130.3%