Shinsho Corporation, The Current Fiscal Year Operating Profit Revised Upward by 15%

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Thu Nov 7, 2024 12:45 pm JST Earnings

8075 Shinsho Corporation 【J-GAAP】

Earnings Report

Shinsho Corporation <8075> [TSE-P] announced its financial results in the afternoon session on November 7th (12:45). The consolidated operating profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.0% from the same period last year, reaching 7.02 billion yen, resulting in an increase in profits compared to the previous forecast of a 25.0% decrease.

In addition, the full-year consolidated operating profit has been revised upward by 15.0%, from the previous forecast of 10.7 billion yen to 12.3 billion yen (compared to 13.2 billion yen in the previous period), and the declining rate is expected to decrease from 19.5% to 7.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to decrease by 27.7% from the same period last year to 5.27 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit decreased to 3.33 billion yen, a 4.5% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.4% in the same period last year to 2.2%.

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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	278,618	6,419	6,387	4,432	501.4	50.4	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	279,411	6,002	5,013	3,713	422.0	39.1	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	306,676	7,024	6,109	4,568	519.0	55.5	Nov 7, 2024	J-GAAP
YoY	+9.8%	+17.0%	+21.9%	+23.0%	+23.0%

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	298,000	4,500	5,100	4,000	454.4	150	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	306,676	7,024	6,109	4,568	519.0	150	Nov 7, 2024	J-GAAP
Revision Rate	+2.9%	+56.1%	+19.8%	+14.2%	+14.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	623,000	10,700	11,000	8,100	919.9	300	May 9, 2024	J-GAAP
Mar, 2025 New	623,000	12,300	11,000	8,100	919.9	300	Nov 7, 2024	J-GAAP
Revision Rate	0.0%	+15.0%	0.0%	0.0%	0.0%

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	312,020	7,294	7,801	5,398	613.4	190	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	316,324	5,276	4,891	3,532	401.1	150	Nov 7, 2024	J-GAAP
YoY	+1.4%	-27.7%	-37.3%	-34.6%	-34.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	584,856	13,459	12,668	9,196	1,042.7	315	May 11, 2023	J-GAAP
Mar, 2024	591,431	13,296	12,814	9,111	1,035.4	315	May 9, 2024	J-GAAP
Mar, 2025 Guidance	623,000	12,300	11,000	8,100	919.9	300	Nov 7, 2024	J-GAAP
YoY	+5.3%	-7.5%	-14.2%	-11.1%	-11.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	142,825	3,495	2,867	2,352	267.3	2.4	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	154,119	3,280	3,550	2,816	320.0	2.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	157,901	4,014	4,251	2,582	293.4	2.5	May 9, 2024	J-GAAP
Apr - Jun, 2024	152,343	3,686	3,578	2,939	334.1	2.4	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	154,333	3,338	2,531	1,629	185.1	2.2	Nov 7, 2024	J-GAAP
YoY	+8.1%	-4.5%	-11.7%	-30.7%	-30.8%