Sintokogio,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 47%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 6, 2024 3:40 pm JST Earnings

6339 Sintokogio,Ltd. 【J-GAAP】

Earnings Report

Sintokogio,Ltd. <6339> [TSE-P] announced its financial results after the market closed on November 6th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 52.2% from the same period last year to 1.38 billion yen, fell short of the previous forecast of 2.8 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 46.8%, from the previous forecast of 6.2 billion yen to 3.3 billion yen (compared to 7.51 billion yen in the previous period), leading to an increase in the profit decline rate from 17.4% to 56.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 58.5% from the same period last year to 1.91 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 669 million yen, a 54.4% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.4%.

Kabutan News

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	52,007	243	1,473	741	14.1	37.3	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	55,282	1,769	2,906	1,773	33.9	38.7	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	67,995	1,562	1,389	325	6.2	42.1	Nov 6, 2024	J-GAAP
YoY	+23.0%	-11.7%	-52.2%	-81.7%	-81.7%

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	67,000	2,700	2,800	1,800	34.3	22	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	67,995	1,562	1,389	325	6.2	22	Nov 6, 2024	J-GAAP
Revision Rate	+1.5%	-42.1%	-50.4%	-81.9%	-81.9%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	147,000	5,800	6,200	4,000	76.3	44	May 13, 2024	J-GAAP
Mar, 2025 New	147,000	3,500	3,300	2,000	38.1	44	Nov 6, 2024	J-GAAP
Revision Rate	0.0%	-39.7%	-46.8%	-50.0%	-50.0%

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	60,213	3,640	4,604	6,933	132.4	24	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	79,005	1,938	1,911	1,675	31.9	22	Nov 6, 2024	J-GAAP
YoY	+31.2%	-46.8%	-58.5%	-75.8%	-75.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	106,381	2,242	3,951	6,187	117.9	36	May 12, 2023	J-GAAP
Mar, 2024	115,495	5,409	7,510	8,706	166.2	44	May 13, 2024	J-GAAP
Mar, 2025 Guidance	147,000	3,500	3,300	2,000	38.1	44	Nov 6, 2024	J-GAAP
YoY	+27.3%	-35.3%	-56.1%	-77.0%	-77.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	30,566	1,067	1,467	809	15.5	3.5	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	28,696	1,570	1,909	1,342	25.6	5.5	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	31,517	2,070	2,695	5,591	106.8	6.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	25,766	535	720	254	4.9	2.1	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	42,229	1,027	669	71	1.4	2.4	Nov 6, 2024	J-GAAP
YoY	+38.2%	-3.7%	-54.4%	-91.2%	-91.2%