SEIKITOKYU KOGYO CO.,LTD., First Half Ordinary Profit Increases by 45%, July-September Ordinary Profit Increases by 18%

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Wed Nov 6, 2024 4:00 pm JST Earnings

1898 SEIKITOKYU KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

SEIKITOKYU KOGYO CO.,LTD. <1898> [TSE-P] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.46 billion yen, an increase of 45.4% compared to the same period last year. However, The progress rate against the 5.45 billion yen full-year plan was 26.9%, almost the same as the five-year average of 24.9%.

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 29.8% from the same period last year, reaching 3.98 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.4% from the same period last year, reaching 1.2 billion yen. The operating profit margin improved from 4.7% in the same period last year to 5.2%.

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	41,892	246	246	90	2.5	9.3	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	39,634	993	1,007	861	23.6	24.7	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	44,682	1,509	1,464	935	25.6	26.9	Nov 6, 2024	J-GAAP
YoY	+12.7%	+52.0%	+45.4%	+8.6%	+8.6%

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	47,400	1,700	1,680	1,080	29.6	45	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	44,682	1,509	1,464	935	25.6	45	Nov 6, 2024	J-GAAP
Revision Rate	-5.7%	-11.2%	-12.9%	-13.4%	-13.4%

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	48,403	3,098	3,071	1,879	51.5	45	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,218	4,011	3,986	2,765	75.5	45	Nov 6, 2024	J-GAAP
YoY	+7.9%	+29.5%	+29.8%	+47.2%	+46.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	92,414	2,669	2,647	1,127	30.7	30	May 9, 2023	J-GAAP
Mar, 2024	88,037	4,091	4,078	2,740	75.2	90	May 8, 2024	J-GAAP
Mar, 2025 Guidance	96,900	5,520	5,450	3,700	101.1	90	May 8, 2024	J-GAAP
YoY	+10.1%	+34.9%	+33.6%	+35.0%	+34.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	21,737	1,014	1,019	864	23.7	4.7	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	25,192	1,766	1,719	1,169	32.1	7.0	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	23,211	1,332	1,352	710	19.5	5.7	May 8, 2024	J-GAAP
Apr - Jun, 2024	20,624	249	258	123	3.4	1.2	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	24,058	1,260	1,206	812	22.3	5.2	Nov 6, 2024	J-GAAP
YoY	+10.7%	+24.3%	+18.4%	-6.0%	-6.0%